Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Greek finance ministry, customs workers strike

Send a link to a friend

[February 17, 2010]  ATHENS, Greece (AP) -- Hundreds of striking finance ministry and customs employees held a protest rally in Athens Wednesday, as Prime Minister George Papandreou prepared to meet opposition leaders and host a Cabinet meeting to discuss Greece's financial crisis.

InsuranceGreek unions have been opposing the new Socialist government's harsh austerity measures, which were imposed in an effort to pull the country out of its worst debt crisis in decades -- one that has seen its deficit swell to a massive 12.7 percent of economic output.

European finance ministers warned Athens on Tuesday that it would have to impose even tougher budget cuts if its current austerity program can't reduce the deficit to 8.7 percent this year. Athens has until March 16 to report back to the EU on its progress.

[Associated Press]

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


< Recent articles

Back to top


News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries

Community | Perspectives | Law & Courts | Leisure Time | Spiritual Life | Health & Fitness | Teen Scene
Calendar | Letters to the Editor