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Athens Times

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Greek crisis: live

Greek crisis: live
Live coverage of news and market reaction to Greece’s debt woes.
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From:RussiaToday on 15 Jun 2011 Greek police have fired tear gas at protestors attempting to block off access to the Parliament in Athens. Over 20 thousand angry demonstators were trying to prevent MPs from voting on new austerity measures needed to secure more bailout cash from the EU. ……………………………………… Protesters Clash With Greek Police During Anti-Austerity Demonstration Published June 15, 2011 | Associated Press ATHENS, Greece — Greek police fired tear gas at groups of youths hurling firebombs on the edge of an anti-austerity rally outside Parliament, where the struggling government on Wednesday was to seek support for new cutbacks to avoid a default that would be disastrous for financial markets. Riot police had set up a massive security operation in the center of the capital to keep protesters from blockading the Parliament building, where lawmakers were to discuss a new austerity package that will impose tax hikes and spending cuts to 2015. The protests are the epicenter of a crisis that could end in a disastrous default that would threaten the future of the eurozone and shake financial markets just as the global economy struggles to recover. Wednesday’s violence adds public pressure on the government at a time when Prime Minister George Papandreou also faces an internal party rebellion from within his governing Socialists over the new austerity. But the new bill must be passed if Greece is to continue tapping its rescue loans
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