Saturday, April 24, 2010

Greek workers strike, challenge EU/IMF talks

Greek public sector workers went on strike Thursday to protest austerity measures and press the government not to agree to further cuts as it discusses an aid package with the EU and the International Monetary Fund. Doctors, nurses, teachers, tax officials and dockworkers walked out, paralyzing public services. Thousands are expected to march Friday as European and IMF officials meet for the second day of talks that could lead to a financial bailout for Greece. Workers are protesting public wage cuts, a pensions freeze and tax hikes to try to pull Greece out of a fiscal crisis that has shaken markets worldwide and driven Greece's borrowing costs to a 12-year high. Many in Greece fear strings attached to a $60 billion aid package will hit living standards in a country where one person in five lives below the poverty level.
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