Greek seamen and journalists go on strike

Owen Stevens
May 16, 2017

The proposed measures include additional pension cuts in 2019 and income tax rises in 2020, along with further attacks on workers' rights and social security and declaring Sunday a work day.

Without the agreement with its creditors, Greece faced the prospect of running out of cash to service its debts this summer, which could have seen it have another brush with bankruptcy.

Financial analysts in Athens attribute the downturn mainly to the long delay in concluding the second review of Greece's current bailout program.

GREEK trade unions have called a general strike for tomorrow as parliament considers European Union-dictated cuts stretching into the next decade.

Draconian spending cuts have seen poverty rates surge to more than 35 per cent, with the European Union average under 24 per cent.

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The data showed the economy shrank 0.1% in the three months from January to March compared to last year's final quarter when gross domestic product contracted by 1.2%.

Wednesday's general strike is expected to affect services across the country, from schools and hospitals to public transport.

The 48-hour seamen's strike will leave ferries servicing the country's islands tied up in port for two days.

On Wednesday, a nationwide general strike will take in Greece. "Clearly, unions alone can not solve the country's major economic and social problems, but this is to protest against and expose what is happening". As Greek government underwent tough time dealing with creditors about bailout package, the announcement of austerity measures has led to decline in business confidence.

A man visits an exhibition by Greek Cartoonists Association in Athens, Monday, May 15, 2017.

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