Pedestrians cross a main street jammed by traffic during a public transport strike in Athens December 20, 2010. Greek public transport, with the exception of city buses, held a 24-hour strike on Monday against reforms in the sector
Greek unions called a general strike today and Athens was paralysed by a 24-hour public transport stoppage in protest against the government’s 2011 budget, set to pass later as part of an EU/IMF bailout.
The budget, meant to help stem a debt crisis that has shaken the euro zone, includes further tax hikes and wage cuts in state-run enterprises, especially in public transport.
Fitch said yesterday it may cut Greece’s credit rating next month to junk as both other major rating agencies have done.
“Even though this news was expected, it will go down badly with the markets, there is widespread fear about downgrades coming,” said Ioanna Telioudi, analyst at HSBC in Athens.
Greece’s main public and private sector labour unions have called a 3-hour strike from 1000 to 1300 GMT in Athens. Thousands are expected to rally outside parliament.
Athens bus and subway drivers have been holding on and off strikes for two weeks, keeping Christmas shoppers from the city centre, adding to the strain of recession-hit retailers.
The government threatened today to break the public transport strikes, invoking emergency legislation it used earlier this year to dissolve labour action by truck drivers and other transport workers.
“Everyone has to show responsibility ... the state has all the powers it needs to protect the public interest,” government spokesman George Petalotis said in a television interview.
Analysts have warned the additional measures will hurt the economy even more without providing guarantees that the country will avoid a debt restructuring to cope with ballooning debt.
The government has a comfortable majority of 156 seats out of 300 in parliament and the budget is expected to be approved despite growing discontent among the ruling PASOK party ranks.
“I am giving the government a last chance,” said PASOK deputy Thomas Robopoulos during the budget debate yesterday. Since the EU/IMF bailout agreement was signed in May, Prime Minister George Papandreou has expelled four deputies for disagreeing publicly with his austerity policies
The socialists, who revealed a gaping budget deficit after coming to power last year, have braved public discontent and taken draconian measures to meet the bailout terms.
The government has cut public sector wages by about 15 per cent, increased the retirement age, frozen pensions, cut public spending but has failed to boost tax collection as much as targeted, despite a hefty VAT increase.
Greece’s lenders have said that the country was broadly on track with its fiscal programme but needed to step up reforms and spending cuts next year.
Partly as a result of the measures, the economy is seen shrinking by 3 per cent next year after a 4.2 per cent drop in 2010, with unemployment jumping to a record 14.6 per cent from an estimated 12.1 per cent this year.
Greece targets a deficit of 7.4 per cent of GDP next year, from about 9.4 per cent this year.
Greek protesters clashed with police last week and set fire to cars and a hotel in central Athens earlier this month, as some 50,000 marched against austerity in the biggest and most violent march since three died in protests in May.
Showing posts with label greek. Show all posts
Showing posts with label greek. Show all posts
Wednesday, December 22, 2010
Tuesday, July 20, 2010
Greek police suspect far-left in Greek journalist's killing
A police officer stands in front of the house of Greek journalist Socratis Guiolas in Athens
Assailants gunned down an investigative journalist on Monday in front of his Athens home in an attack Greek police blamed on a far-left extremist group.
The authorities said 37-year-old Socratis Guiolias was killed by at least three people firing a pair of nine-millimetre handguns which the Revolutionary Sect group had used to kill an anti-terrorist officer last year.
"Examination of 16 nine-millimetre Parabellum cartridges found on the scene of today's homicide ... shows they were fired by two weapons used in the activities of the Revolutionary Sect group," the police said in a statement.
Although attacks by extremist groups are relatively common in Greece, journalists are rarely targeted.
Guiolias, whose wife is pregnant with their second child, was killed in front of his home in the middle class Athens suburb of Ilioupoli around 5:20 am (0220 GMT), the police said.
According to initial reports, the gunmen asked the journalist to come out of his house, claiming someone had stolen his car, and then opened fire.
Investigators had earlier said they are looking into all possible motives for the killing, including whether by criminals or extremists.
Guiolias was a manager at private Thema FM radio and had previously worked on one of Greece's main investigative journalism television shows.
He was also a co-administrator at one of the country's best-known blog sites, troktiko.gr (Greek for rodent), and was lately investigating a story on business corruption, state television NET said.
The Greek government condemned the murder as "cowardly" while the Organisation for Security and Co-operation in Europe called on the authorities to bring the culprits to justice quickly.
"Mr. Guiolias was a well-known political blogger in his country, an investigative journalist often very critical of the previous government," the OSCE's representative for media freedom, Dunja Mijatovic, said.
"As the motives of his killing are still unclear, I ask the Greek authorities to ensure that his murder is investigated rapidly and thoroughly, and the public is continuously informed of this process," she said in a statement.
"I hope that the perpetrators of this horrifying murder will be very soon brought to justice," she added.
The Vienna-based International Press Institute also condemned the killing.
"We are deeply alarmed by this brutal murder, and call for a full investigation into whether Guiolias?s murder was connected to his work," IPI director David Dadge said in a statement.
"The perpetrators must be found and brought to justice.
"As a European Union country, Greece must demonstrate that this kind of violence will not be tolerated in a democratic society," he added.
Revolutionary Sect, which appeared after police fatally shot a teenage boy in December 2008, had in June last year shot dead an anti-terror officer guarding a witness in a left-wing militants' trial.
The outfit in February 2009 had also machine-gunned a police station and the headquarters of a private television channel in Athens and later warned of further attacks on police and journalists.
Most of the shots in the killing of Guiolias were fired from the gun that killed the anti-terror officer Nektarios Savas last June, the police said.
The second gun had been used in all three prior attacks.
The casings also matched a single cartridge found on the grave of the police shooting victim, 15-year-old Alexis Grigoropoulos, whose death in 2008 sparked violent protests across the country.
Thursday, May 6, 2010
Burning issue for Britain: With our deficit about to become worse than Greece's, anarchy and murder erupt on the streets of Athens
Tensions explode: A riot policeman is engulfed by flames after being hit by a Molotov cocktail in Athens
Onslaught: Missiles litter the street as crowds of rioters, many of them masked, surge up a hill to confront police in the centre of Athens yesterday. At least 18 people were hurt
Running from the mob: A policeman flees protesters in the northern city of Thessaloniki
Under attack: Riot police react to a Molotov cocktail as it explodes on a bridge during the demonstrations
Three bank workers died yesterday after a mob protesting against spending cuts set their building ablaze.
As polling stations around Britain opened at 7am today, latest UK opinion polls suggest David Cameron is within touching distance of achieving a working majority.
But while polls still pointed to a hung Parliament, economists warned that Britain could ill-afford a period of political uncertainty.
The need for decisive leadership was underlined by official figures showing the UK's budget shortfall will be the biggest in the EU this year - even overtaking Greece.
With 'contagion' from Athens threatening to spread through other debt-laden economies, David Cameron made a last-ditch plea to voters to back a strong Tory government.
He told the Daily Mail that unless Britain 'rolled up its sleeves' and got on with paying off its deficit, it risked an economic crisis.
Two employees, covered in black from the smoke, cry out in terror from the top floor of the Marfin Egnatia Bank where they were trapped
Firemen reach the balcony and coax one of the women down on to the ladder
Smoke pours from the bank as the two trapped women peer desperately down from the balcony
Inferno: Flames tear through another bank targeted in the financial district
Day of violence: Rioters hurl missiles outside the Parliament building in Athens
'Murder': A medic prepares to remove the body of a woman who perished in the bank fire
Rising up: Demonstrators massing in Syntagma Square in front of the Greek parliament in Athens
Scene of horror: Riot police in front of the burnt-out Marfin Egnatia Bank, where three people died after it was set ablaze during the massive demonstration
But Gordon Brown rejected any comparisons between the two countries. 'Greece is in a different stratosphere as far as debt is concerned,' he insisted.
The frenetic last day of campaigning was overshadowed by events in Athens, where crowds fighting deep emergency budget cuts torched government buildings and banks and tried to storm parliament.
Police were attacked with firebombs, paving stones and chunks of marble hacked from historic buildings. They hit back with stun grenades and tear gas. The rioting spread to the northern city of Thessaloniki as a 24-hour general strike brought the country to a halt.
After months of dithering over how to rein in its vast deficit, the Greek government has been forced to plead for a £93billion international bail-out package and implement hugely unpopular austerity measures, to be voted on today.
Amid the rioting, the euro plunged, stock markets crashed and German Chancellor Angela Merkel admitted the very 'future of Europe' was at stake.
Financial markets are increasingly concerned about the crisis in Britain's finances, which Labour has taken to worst state since the end of the Second World War.
The UK was highlighted as a key risk in an alarming European Commission report yesterday, which said our budget deficit for this year will hit 12 per cent of national income, the highest of all 27 member nations and worse than Treasury forecasts.
Britain's budget shortfall was the third largest in the EU last year, but it will now overtake both Greece and Ireland. The austerity measures being imposed on Greece in exchange for the bail-out will slash its deficit to 9.3 per cent.
EU Commissioner Olli Rehn, issuing the regular spring economic forecast for member states, warned that 'the very high deficit' and 'high debt level' of the UK economy was 'by far the first and foremost challenge' facing a new government.
Experts stressed the urgency of tackling the debt crisis.
Financial historian Professor Niall Ferguson, tells today's Spectator magazine that a new Tory government should call in the International Monetary Fund for only the second time in British history.
He said: 'There is a very real danger that [things] could now spiral, Greek-style, out of all control if foreign confidence in sterling slumps and long-term interest rates rise.'
Professor Ferguson said Britain needed to 'wield the axe ruthlessly' with the hope of returning the budget to balance over eight to ten years and should 'initiate talks with the IMF in case external support proves to be necessary'.
Economist Michael Saunders of Citigroup said: 'The European Commission's latest economic forecasts highlight the weak state of the UK's fiscal position.
'From such a large deficit, we suspect that it will be hard for a hung parliament to establish a credible path back to fiscal sustainability.'Ted Scott, director of UK equity strategy at fund managers F&C, said there was a danger that contagion from Greece would spread outside the eurozone. He said the UK was seen as particularly vulnerable given its large debt and proximity to Europe.
But Mr Brown vowed yesterday to carry on spending - retreating to his old dividing line of 'Labour investment versus Tory cuts' in the dying hours of the campaign.
The Prime Minister sought to shore up Labour support by attacking Conservative plans to limit tax credits for families earning £50,000 or more.
Mr Brown claimed a Tory Budget to rein in wasteful spending would threaten 'higher unemployment, higher business failures, lower growth and a danger of a double-dip recession'.
But Mr Cameron told the Mail Britain risked a Greek-style crisis, including spiralling interest rates, unless it started dealing with the unprecedented deficit.
He said: 'The more we borrow the more risk that there is that people who are lending us the money ask for more. The threat of rising interest rates is not dealing with our debts. It's the same with your credit card, the same with any unsecured debt you have.
'Greece has got a debt crisis and a borrowing crisis. This year we are actually borrowing more than Greece, but the Government say "don't do anything this year".'
Three die in the battle of Athens
Three bank workers, one of them pregnant, were killed yesterday as protests by up to 100,000 Greeks against spending cuts turned deadly.
On a day of violence in Athens, masked anarchists hurled Molotov cocktails and paving stones at police and smashed shopfronts.
Others tried repeatedly to storm parliament, chanting 'thieves, thieves'.
They are desperate to defeat the package of austerity measures aimed at saving the country from bankruptcy on which the parliament will vote today.
Riot police responded with stun grenades, flash bombs and volleys of tear gas that left clouds of smoke wafting over the capital.
There were also riots in the northern city of Thessaloniki, amid a 24-hour national strike which saw flights grounded, trains and ferries suspended and public services paralysed.
In the most horrific incident, 20 terrified staff were trapped in the burning Marfin bank after it was firebombed by protesters. The mob blocked firefighters from getting to the blaze.
Two women and a man suffocated in the smoke as they tried to escape the flames. Bank officials told reporters one woman had been pregnant.
A fire department official said their lives could have been saved had ' crucial minutes' not been lost getting through the rioters' blockades.
Other staff, some with blackened faces, waited for rescue at windows and on balconies. Firemen had to restrain a distraught elderly woman outside the bank, who wept and cried 'my child, my child'.
Prime Minister George Papandreou expressed shock at the deaths and vowed to bring those responsible to justice. 'We are deeply shocked by the unjust death of these three people, our fellow citizens, who were victims of a murderous act,' he said.
But he insisted the government would not abandon its drive to save the country from ruin. 'We took these decisions to save the country,' he said. 'The alternative would be bankruptcy.'
Several other buildings were also set alight during extensive clashes across a broad swathe of central Athens.
They included the finance ministry in charge of the austerity programme.
Violence also broke out in the northern city of Thessaloniki, where 20,000 people marched through the centre and youths smashed the windows of stores and fast food restaurants.
The protests came amid a 24-hour nationwide general strike that grounded all flights to and from Greece, shut down ports, schools and government services and left hospitals working with emergency medical staff.
The Acropolis and all other ancient sites were closed, while journalists also walked off the job, suspending television and radio news broadcasts.
Police said 18 people had been injured and 12 arrested for carrying weapons and resisting authorities.
Last night there were fears that the violence could continue for at least another day.
The austerity package is being introduced in return for a £95billion international bail-out for Greece. The measures include wage freezes, deep pension cuts and tax rises.
The deal is designed to stop Greece defaulting and prevent its troubles becoming a wider eurozone crisis by engulfing countries such as Spain and Portugal.
In Germany, Chancellor Angela Merkel urged parliament to quickly pass her country's share of the bailout, warning that 'nothing less than the future of Europe' was at stake.
European Council president Herman van Rompuy said last night: 'We are all concerned by the Greek economic and budgetary situation but at this moment our thoughts are with the human victims in Athens.'
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Sunday, May 2, 2010
Greece braced for more violence as finance leaders ready to sign multi-million euro bailout with EU
As a petrol bomb explodes at their feet, policemen leap out of the way at a May Day rally in Athens
Part of his uniform on fire, an officer sprints to safety
Police walk in front of a burning broadcast van belonging to state TV. It was set on fire by a petrol bomb
Demonstrators and police fight outside the Greek Parliament during a Mayday demonstration to protest against impending austerity measures
The European Union and the International Monetary Fund are expected to confirm the aid, which will come in return for tough austerity measures, at a meeting this afternoon.
Greek Prime Minister George Papandreou is hoping the three-year deal – expected to reach up to 120 billion euros (£104.5billion) - will help stem a crisis that has hit the euro and shaken markets worldwide.However, thousands of angry protesters took to the streets of Athens yesterday over proposed conditions to the bailout, including draconian budget cuts which demonstrators believe will only affect the poor and will drag the country further into recession.
Clashes broke out between anarchists throwing petrol bombs and rocks towards riot police, who used tear gas to control the crowds at the May Day rallies.
Protesters could be heard chanting, ‘No to the IMF's junta!’, referring to the military dictatorship which ruled Greece from 1967 to 1974, and: ‘Hands off our rights! IMF and EU Commission out!’
Supporters of Greek Communist party gather during a May Day rally at central Syntagma square in Athens
A riot policeman jumps over metal railings after being set on fire by protesters throwing petrol bombs. Colleagues rushed over to him to put out the flames
A demonstrator throws a stone to riot police during the Athens protest
Policemen charge at protesters who turn and flee. Left-wing parties have vowed to escalate protests
More than half of Greeks say they will take to the streets again if the government agrees to the robust measures, according to an ALCO poll.
Foreign Office officials were 'monitoring' the situation in Greece, a popular destination for British holidaymakers. An estimated three million visited the Mediterranean country last year.
The protests came as it was revealed the economic crisis there can be traced back to a 'cover-up' by Labour governments in the Seventies.
But Whitehall files kept secret for 30 years show the chaos could have been averted if Harold Wilson and James Callaghan had vetoed the country’s entry to the then European Community.
The documents show that Callaghan, who was Foreign Secretary in Wilson’s Cabinet before succeeding him as Prime Minister, told the Cabinet that he feared Britain being ‘a minority of one’ in Europe if he opposed the Greek bid to join the EC.
One memo, written by a diplomat at the British Embassy in Athens, stated: ‘In the negotiations for Greek entry, we would do well not to rely wholly on Greek sources for our description of Greek reality.’
Another said: ‘We would be asking for trouble if Greece was allowed to join first and adopt
EC regulations later.’
Callaghan not only ignored these warnings, he also urged Ministers to make no public reference to them. Greece’s accession was ratified in 1981 – but without a proper ‘look at the books’.
Callaghan also cautioned against calling publicly for a study on problems that Spain and Portugal – both of which applied in 1977 – would cause the EC. Both have now had their economies marked down.
Shortly after Callaghan moved into No10, the Foreign Office warned about Greece’s entry: ‘The economic disadvantages for us will be substantial and it will be difficult to run the Community in ways satisfactory to us.’
Yesterday, angry Greeks took part in rallies that saw riot police using tear gas to disperse protesters armed with petrol bombs and rocks in Athens.
Thousands of people took part in protests called by unions against EU demands for spending cuts in exchange for a bailout deal.
Protesters hit two television trucks with petrol bombs and vandalised a hotel.
The rescue package is expected to amount to £100billion over three years. The Greek Cabinet was due to meet at 7.30am today to ratify the aid deal. Finance Minister George Papaconstantinou is due to announce them at noon and then immediately fly to Brussels for an emergency meeting of eurozone finance ministers.
British visitors were told the Foreign Office was monitoring the protests as holidaymakers were further warned they face further disruption on Wednesday, when flights in and out of Greek airports will be cancelled during a 24-hour strike.
The International Monetary Fund believes it will take 10 years for Greece to overcome its financial crisis, according to a report to appear in Monday's Der Spiegel magazine.
Without citing any sources, the newsweekly said the IMF expects it to take that long for economic reforms to be pushed through and then bear fruit.
The International Monetary Fund has said it will provide the money over three years, along with Greece's partners in the eurozone.
IMF and EU negotiators began talks in Athens on April 21 and continued through Friday.
French Finance Minister Christine Lagarde said after a meeting of French government officials yesterday that she was confident eurozone finance ministers would approve the package by the end of the weekend.
Governments are discussing a package of up to £104billion over three years, she said.
Greece's additional austerity measures are likely to include raising consumer taxes, while docking pensions and public service pay.
Unions are furious and called on workers to rally in central Athens Saturday.
'These measures are death. How people are going to live tomorrow, how they're going to survive, I do not understand,' said Nikos Diamantopoulos, who was participating in a rally organised by pro-Communist unions.
Union members were marching toward the Athens offices of the European Union and continuing to the U.S. Embassy.
Minor clashes broke out between rock-throwing anarchists and police, who responded with pepper spray.
In the northern Greek city of Thessaloniki, where more than 5,000 people demonstrated, anarchists briefly clashed with police and smashed a few storefronts and ATMs.
Conservative opposition party New Democracy and the Right-wing populist LAOS have been critical of the government but are seen as likely to support the package of measures.
Left-wing parties have vowed to escalate protests.
'The Greek people do not owe anything to anybody. Those who have brazenly robbed public money and pension funds,' Left Coalition leader Alexis Tsipras told reporters at one of the Athens rallies.
Accountant Virginia Kalapotharakou, who joined striking seamen and dockworkers rallying in the port of Piraeus, called the potential measures 'very reactionary'.
'They're trying to do away with all the rights we gained through struggles in previous years,' she said.
A default would be a serious blow to the euro currency and could hit Greek and European banks that invested in Greek government bonds. The bailout is designed to prevent that and to keep the Greek crisis from spreading to other countries that use the euro.
Greece spent freely for years and ran up debt equal to 115 percent of gross domestic product.
It has been effectively shut out of bond markets to refinance its debt pile because investors fear default and are demanding high rates of interest the government says it cannot pay.
Signs that the help will soon be approved have calmed markets, which previously pushed Greece's cost of borrowing to untenably high levels high as EU and German officials showed little urgency in addressing the problem.
On Friday the interest rate gap, or spread, between Greek 10-year bonds and their benchmark German equivalent narrowed to 6.20 percentage points, from a staggering 10 points Wednesday.
But Athens was in for more bad news as credit agency Moody's Investor Services downgraded the debt rating of nine Greek banks: National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, Piraeus Bank, Emporiki Bank of Greece, Agricultural Bank of Greece, General Bank of Greece, Marfin Egnatia Bank and Attica Bank.
Moody's said the banks' might face further downgrades - a move that would come alongside Moody's ongoing review of the country's sovereign debt rating.
On Thursday, the agency confirmed that it is awaiting to see details of an EU-IMF rescue package before a possible revision of Greece's credit rating, but that a 'multi-notch downgrade' remained likely.
Tuesday, December 29, 2009
Somali pirates hijack two ships off East African coast-Somali pirates seize two more vessels

The St James Park issued a distress call on Monday night saying it had been attacked by pirates
Somali pirates have captured two ships with 45 crew off the East African coast, officials say.
A UK-flagged chemical tanker, the St James Park, was reportedly captured in the Gulf of Aden on Monday while on its way to Thailand from Spain.
Its 26 crew hail from Russia, Ukraine, Bulgaria, Romania, Poland, Georgia, India, Turkey and the Philippines.
The Navios Apollon, a Panamanian-flagged Greek cargo ship with 19 crew, was hijacked north of the Seychelles.
The 50,000-tonne carrier - which had been sailing from the US state of Florida to India - was boarded on Monday by 10 men in speedboats, according to the Greek coastguard.
Pirate attacks have been common off the Somali coast and international navies have been deployed to counter them.
'No contact'
The St James Park issued a distress call on Monday night saying it had been attacked by pirates, said the International Maritime Bureau
The tanker, which was carrying a cargo of chemicals used to make plastics, had changed course and was now heading towards the northern coast of Somalia, said Andrew Mwangura of the Seafarers Assistance Programme.
"It is expected to arrive there later this evening," Mr Mwangura told AFP news agency.
The ship's owner-operators told the BBC they were working for "the early and safe release of our crew members on board".
A spokesman for Zodiac Maritime Agencies said the company had had no contact with the St James Park or the pirates but was in contact with the European naval force in the area.
The waters around Somalia are among the most dangerous in the world.
Correspondents say the upsurge in piracy in the region is a consequence of the failure to find a solution to Somalia's continuing political disarray.
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