AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

greek-flagATHENS: Greeks on Thursday reacted with anger and disbelief at a new wave of austerity cuts enacted to keep the country in the eurozone as a public transport strike caused road chaos in Athens.

The embattled socialist government announced pension and tax break cuts and put 30,000 state employees on temporary lay-offs after pledging to do "anything" to stay in the eurozone and unlock bankruptcy-saving EU-IMF loans.

"A merciless raid," commented the conservative Eleftheros Typos newspaper, while pro-government Ta Nea noted that salaried staff, pensioners and civil servants had been placed on a "sacrificial altar."

Public transport workers brought the capital to a standstill on Thursday, with the support of irate taxi owners opposing a liberalisation of their sector, while teachers and municipal workers also staged walkouts.

And air traffic controllers are also holding a four-hour stoppage, forcing airlines to scrap or reschedule flights.

Greece has been struggling to convince the European Union and International Monetary Fund that it can bring its tough economic overhaul programme back onto track despite delays and targets slipping due a deeper-than-expected recession.

"Greece is being turned into a poverty house, new measures are being announced by the day and by the week," Constantinos Michalos, head of the Athens chamber of commerce and industry, told state television NET.

"There is no compass, this government doesn't know where it's going," he said.

The additional cuts have raised dissent in the ruling party with backbenchers and former ministers doubting their effectiveness after two years of recession.

The main private sector union GSEE and the Adedy syndicate reacted by calling for strikes next month against the austerity measures.

Copyright AFP (Agence France-Presse), 2011

Comments

Comments are closed.