Mobile  |  About us  |  Photos  |  Videos  |  Subscriptions  |  RSS Feeds  |  Today's Paper  |  Classifieds  |  Contact Us
The Daily Star
MONDAY, 21 MAY 2012
06:58 PM Beirut time
Weather    
Beirut
23 °C
Blom Index
1,168.9down
A+ A-
     
 
Advanced Search
International  
Greece caught between protests, austerity demands
Associated Press

ATHENS: Greece’s future in the eurozone came under renewed threat Friday as popular protests again turned violent and dissent grew among its lawmakers after European leaders demanded deeper spending cuts.The country’s beleaguered coalition government promised to push through the tough new austerity measures and rescue a crucial 130 billion euro ($170 billion) bailout deal after six members of the Cabinet resigned.

Prime Minister Lucas Papademos promised to “do everything necessary” to ensure parliament passes the new austerity measures that would slap Greeks with a minimum wage cut during a fifth year of recession.

“It is absolutely necessary to complete the effort that began almost two years [ago] to consolidate public finances, restore competitiveness and economic recovery,” Papademos told an emergency Cabinet meeting.

In central Athens, clashes erupted outside Parliament between dozens of hooded youths and police in riot gear. Police said eight officers and two members of the public were injured, while six suspected rioters were arrested.

The violence broke as more than 15,000 people took to the streets of the capital after unions launched a two-day general strike that disrupted transport and other public services and left state hospitals running on emergency staff.

Scores of youths, some in gas masks, used sledge hammers to smash up marble paving stones in Athens’ main Syntagma Square before hurling the rubble at riot police.

Debt-stricken Greece does not have the money to cover a 14.5 billion euro bond repayment on March 20, and must reach a vital debt-relief deal with private bond investors before then.

Papademos said the bailout and the deal with private creditors would return Greece to growth next year, and deliver a 4.5 percent primary surplus in 2012 – better than an earlier official prediction of 1.1 percent of GDP.

“A disorderly default would us into a catastrophic adventure.

A version of this article appeared in the print edition of The Daily Star on February 11, 2012, on page 1.
Home International
 
 
Greece
Advertisement
Comments  
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site. All fields are mandatory.

Name *
Email *
Country *
City *
Comment
*
Word Count: Left:
Toolbox
print
email
e-paper
e-paper
Advertisement
Most Popular
Viewed Searched e-mailed
1. Lebanon boils after sheikh killing
 
2. Clashes in Beirut end, 3 dead
 
3. Tourists cancel hotel reservations in Lebanon
 
4. Sheikh Ahmad Abdel-Wahed FACTBOX
 
5. Army, ISF patrol Beirut neighborhood after deadly clashes
 
6. North Lebanon hails slain sheikh during funeral procession
Advertisement
 
Follow us on Facebook Follow us on Twitter Follow us on Linked In Follow us on Google+ Subscribe to our Live Feed
 
Multimedia
Images Video  
Operation Big Blue in pictures
Several thousand volunteers took part in the 15th Operation Big Blue Association’s coastal clean-up Sunday, at beaches, cliff tops and underwater sites along Lebanon’s shore. At Raouche, Lebanese Army soldiers abseiled down the cliff face, picking up trash, while small fishing boats circled Pigeon Rocks, their passengers collecting garbage from the surface of the water.
View all view all
Rami G. Khouri
Rami G. Khouri
Why are Arabs in a state of revolt?
Michael Young
Michael Young
Will Tripoli make Samir Geagea pay?
David Ignatius
David Ignatius
Is the bubble about to burst on the so-called China Model?
View all view all
 
cartoon
 
Click to View Articles
Advertisement
 
 
News
Business
Opinion
Sports
Culture
Technology
Entertainment
Privacy Policy | Anti-Spamming Policy | Disclaimer | Copyright Notice
© 2011 The Daily Star - All Rights Reserved - Designed and Developed By IDS