11.03.2010
Fresh from a visit to US President Barack Obama in Washington, the Greek Prime Minister George Papandreou faces yet another nationwide strike today.
Papandreou is returning from a four-city trip aimed at drumming up support in the US, Germany and France for the country’s austerity measures, which have found little favour at home.
Hospital and schools are closed as the members of the country’s two umbrella trade unions for the public and private sector down tools.
All flights into and out of Greece have also been suspended today, as have rail and ferry services, and demonstrations are planned in Athens and other large Greek cities as the country’s third general strike gets underway.
The public-sector ADEDY union and the private-sector GSEE union have called the strike in protest against the €4.8bn spending cuts and tax rise package the Greek Government is pursuing in an attempt to slash its budget deficit to 8.7pc of gross domestic product (GDP) this year. The country's deficit is currently running at 12.7pc of GDP, which is four times the limit allowed under EU rules.
The austerity measures include a 2pc rise in Greece’s sales tax and further tough cuts in civil service salaries and entitlements, including slashing public-sector bonuses and freezing public-sector pensions.
Taxes are also being raised on fuel, alcohol and cigarettes.
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