Greeks Protest EU Austerity Plan

Posted By on May 5, 2010

So what happens when you take away entitlements that the Greeks have had for years?……….We here in the United States should take notice, because our time is coming and it will forced upon us by those that own our debt, at the moment China sits high on that list.      
 

By Maria Petrakis and Natalie Weeks

May 5 (Bloomberg) — Greek demonstrations against government austerity measures turned deadly when three people were killed after protesters set fire to a bank in central Athens in what Prime Minister George Papandreou called a “murderous act.

“Greeks have a right to demonstrate, not a right to violence, especially violence which leads to murder, Papandreou told parliament today. He said all Greek political parties were united in opposing violence.

The violence came during a general strike called after Papandreou announced a second set of wage cuts for public workers, a freeze on pensions and a second sales-tax increase to secure a bailout from the European Union and the International Monetary Fund. The measures, which aim to tame a budget deficit of almost 14 percent of economic output, were denounced as savage by union leaders.

For the complet story:http://www.bloomberg.com/apps/news?pid=20601087&sid=avSGW7ZQxfNU&pos=8

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