19 Feb '12, 1pm

Greeks stage new protest on eve of eurozone bailout meeting

Greeks stage new protest on eve of eurozone bailout meeting

ATHENS: Hundreds of banner-waving protesters staged a rally in Athens on Sunday to protest at deep budget cuts as eurozone ministers prepare to approve a new 130-billion-euro bailout for the debt-laden nation. Hundreds of police were also out for the latest demonstration, held a week after parliament passed new austerity measures, sparking violent protests which saw gangs of rioters torch dozens of buildings in the Greek capital. "Poverty and Hunger Have No Nationality," read one banner carried by demonstrators on Syntagma square outside parliament. "We Are Greeks, Merkel and Sarkozy Are Freaks" said another, referring to the German and French leaders. Police put the number of protesters at 1,500. The latest budget cuts include a 22 percent cut in the minimum wage, while pensions of more than 1,300 euros ($1,700) a month will be slashed by 12 percent, further adding to the...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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