UPI en Español  |   UPI Asia  |   About UPI  |   My Account
Search:
Go

Trade unions call for strike in Greece

|
 
Published: Sept. 26, 2012 at 11:26 AM

ATHENS, Greece, Sept. 26 (UPI) -- Trade unions in Greece called for a nationwide strike Wednesday to protest a new round of austerity budget cuts.

The Greek government under Prime Minister Antonis Samaras is attempting to persuade the International Monetary Fund, the European Commission and the European Central Bank, which makes up an international loan-managing trio called the troika, that the government's finances are on sound enough footing for the next multibillion-dollar aid installment.

Samaras, however, has recently asked for two-year extensions for Greece to meet terms of loans already made.

Greece needs another $40.7 billion to keep from going into default, The New York Times reported.

Samaras has agreed find $15 billion in a combination of spending cuts and new revenue, which would be the third round of austerity measures in as many years, the Times said.

The unions' strike is expected to include civil servants, teachers, professors, air traffic controllers, doctors, pharmacists and bank employees.

The only subway lines expected to operate are those that could bring protesters into Athens. Police have estimated 1 million will participate in the strike.

Slowdowns or shutdowns are expected in many businesses, including airports.

Recommended Stories
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
Join the conversation
Most Popular Collections
'Star Trek Into Darkness' screening NBC upfronts Met Ball 2013
'Great Gatsby' premieres in New York Spire raised on top of One WTC 2013: Celebrity break ups and divorces
Additional Business News Stories
1 of 16
Flags-In Ceremony at Arlington National Cemetery
View Caption
Staff Sgt. Jeffrey Roskos with the 3rd U.S. Infantry Regiment, "The Old Guard," participates in the annual Flags-In ceremony, May 23, 2013, at Arlington National Cemetery in Arlington, Virginia. Soldiers place American flags in front of more than 260,000 gravestones in the cemetery in honor of Memorial Day. UPI/Kevin Dietsch
fark
Working parents who leave the office early are getting away with an "unfair practice" and are "killing...
Well, hello there, friendly little shake, rattle and roll
Nine-year-old girl asks McDonald's CEO why he forces kids to eat at McDonald's. Oh, and her mother...
Powerful earthquake strikes eastern Russia, rousing Sarah Palin from her slumber
Pro tip: If you are holding your accountant hostage in a warehouse in Queens, you should probably...
Fracking for Natural Gas or German Beer -choose only one