Thursday, May 18, 2017

Thousands Strike In Greece against Pay Cuts; Parliament May Cut Pensions to Allow Loans

Hundreds of Greek pensioners braved torrential rain in Athens today (May 18, 2017) to express their anger at the latest planned cuts to their incomes, according to the Euro News website.

More demonstrators were expected, with parliament due to vote on a new austerity package -- part of an agreement with international creditors in order to secure the next bailout installment.

Yesterday saw a general strike as thousands of Greeks walked off their jobs and marched through the center of Athens.

Parliament is expected to vote in favor of the plan which would lower pensions and raise taxes by nearly five billion euros. In return, seven billion euros of loans would be released to Greece.

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