Saturday, December 17, 2011

Summary Box: Greek civil servants walk off job (AP)

NEW STRIKES: Greek civil servants walked off the job for three hours on Thursday to protest austerity measures that include pension and salary cuts and the suspension of tens of thousands of workers on partial pay.

THE BACKDROP: The IMF and eurozone countries have been propping up Greece's economy with euro110 billion ($143 billion) in rescue loans since May 2010. In return, the country has imposed harsh austerity measures including slashing pensions and salaries and raising taxes that have driven the country into recession.

NEW LOANS: The protests come as Greece is negotiating the terms of a second rescue package worth euro130 billion with the eurozone and private bondholders.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20111215/ap_on_bi_ge/eu_greece_financial_crisis_summary_box

usc oregon breaking dawn part 2 breaking dawn part 2 big game jeremy london jeremy london butterball turkey fryer

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.