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Socialist Progressives

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Starry Messenger

(32,380 posts)
Thu Oct 18, 2012, 08:12 AM Oct 2012

Greece hit by new general strike over austerity [View all]

http://www.bbc.co.uk/news/world-europe-19986804



The strike is taking place as European leaders are in Brussels for a summit in which Greece's economic fate is likely to feature large.

Greece is currently preparing a 13.5bn-euro (£11bn; $17.7bn) austerity package to satisfy the "troika" of International Monetary Fund, European Commission and European Central Bank lenders in return for its next 31.5bn-euro tranche of aid.

The country is due to run out of money next month.

However, trade union leaders says they hope to show EU leaders that a new wave of wage and pension cuts will only worsen the plight of the Greek people.

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