Greeks March On Parliament

Written by FrumForum News on Saturday June 18, 2011

Reuter reports:

Thousands of Greeks marched on parliament on Saturday in a show of unabated public anger after Prime Minister George Papandreou reshuffled his cabinet and vowed to push on with a belt-tightening campaign.

In a move meant to stifle dissent in his Socialist Party, Papandreou on Friday dismissed former Finance Minister George Papaconstantinou, author of a new five-year austerity program that has sparked weeks of protests.

The reshuffle coincided with a pledge by France and Germany to continue funding Athens, a move that may have bought Greece and its fellow euro zone members time to prevent a messy default, even if doubts over its longer-term solvency persist.

The European Union and International Monetary Fund have made the reforms a condition for a new bailout package worth an estimated 120 billion euros ($170 billion) that Greece, shut out of capital markets, will need to fund itself through 2014.

Around 5,000 protesters from the Communist group PAME marched into Athens' central Syntagma square -- where demonstrations turned violent earlier this week -- chanting "the measures are killing us!"

Category: The Feed