| Author (Person) | Hope, Kerin, Spiegel, Peter |
|---|---|
| Series Title | Financial Times |
| Series Details | 20.10.11 |
| Publication Date | 20/10/2011 |
| Content Type | News |
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Kathimerini and other sources reported that tens of thousands of people took to the streets of Athens on the 19 October 2011 for one of the largest anti-austerity demonstrations in recent years but the rally was marred by outbreaks of violence and looting. The protests came as the country’s two main trade unions launched a two-day general strike to protest against the latest package of austerity measures being proposed by the Greek government and voted on in the Greek parliament on the 19 and 20 October 2011. The austerity package, which included new wage and pension cuts, public sector layoffs and changes to collective bargaining rules - was adopted by the parliament on the 19 October 2011 on its first overall vote. A more detailed clause by clause vote was expected on the 20 October 2011 Separately, the troika of Greek lenders – the European Commission, International Monetary Fund, and European Central Bank issued their latest report on the 20 October 2011. Greece should get its next €8bn in international aid, but its economic outlook was said to be deteriorating so rapidly that the second bail-out plan, agreed on the 21 July 2011, was no longer adequate to keep Greece afloat. |
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| Countries / Regions | Greece |
