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Greece: National Strike Largest In Years

ELENA BECATOROS   10/19/11 10:27 PM ET   AP

ATHENS, Greece — Hundreds of youths smashed and looted stores in central Athens and clashed with riot police during a massive anti-government rally against painful new austerity measures that won initial parliamentary approval in a vote Wednesay night.

The rioting came on the first day of a 48-hour nationwide general strike that brought services in much of Greece to a standstill, grounding flights for hours, leaving ferries tied up in port and shutting down customs offices, stores and banks.

More than 100,000 people took to the streets of the Greek capital to demonstrate against the austerity bill, which includes new tax hikes, further pension and salary cuts, the suspension on reduced pay of 30,000 public servants and the suspension of collective labor contracts.

Creditors have demanded the meaures before they give Greece more funds from a euro110 billion ($152.11 billion) package of bailout loans from other eurozone countries and the International Monetary Fund. Greece says it will run out of money in mid-November without the euro8 billion ($11 billion) installment.

But Greek citizens said they already are reeling from more than one-and-a-half years of austerity measures.

"We just can't take it any more. There is desperation, anger and bitterness," said Nikos Anastasopoulos, head of a workers' union for an Athens municipality, as he joined the demonstration early in the day.

The bill won initial approval in the 300-member Parliament late Wednesday, with 154 deputies voting in favor on principle and 141 against. A second vote, on the bill's articles, is due Thursday. Only after that procedure will the bill have passed. A communist party-backed union has vowed to encircle Parliament Thursday in an attempt to prevent deputies from entering the building for the procedure.

The new measures have even prompted some lawmakers from the governing Socialists to threaten not vote for at least some of the articles in the bill. But Finance Minister Evangelos Venizelos insisted there was no choice but to accept the hardship.

"We have to explain to all these indignant people who see their lives changing that what the country is experiencing is not the worst stage of the crisis," he said in Parliament. "It is an anguished and necessary effort to avoid the ultimate, deepest and harshest level of the crisis. The difference between a difficult situation and a catastrophe is immense."

Hours before Wednesday's vote, one of Athens' largest demonstrations in years degenerated into violence as masked and hooded youths pelted riot police outside Parliament with gasoline bombs and chunks of marble smashed from buildings, metro stops and sidewalks.

Police responded with tear gas and stun grenades. Authorities said 50 police were injured in the clashes, along with at least three demonstrators, while 33 people were detained for questioning or arrested for alleged involvement in the rioting. At least three journalists covering the riots were also slightly hurt.

Long after Wednesday's demonstration was over, violence continued, with police fighting running street battles with youths setting up burning barricades along the back streets near Athens' main Syntagma Square and near the tourist area of Monastiraki.

Thick black smoke billowed from burning trash and bus-stops, and debris lay strewn along the capital's broad avenues. A hurled gasoline bomb set fire to a sentry post used by the ceremonial presidential guard at the Tomb of the Unknown Soldier outside Parliament.

In Greece's second city of Thessaloniki, protesters smashed the facades of about 10 shops that defied the strike and remained open, as well as five banks and cash machines. Police fired tear gas and threw stun grenades.

The general strike is set to continue Thursday, with all sectors – from dentists, hospital doctors and lawyers to tax office workers, taxi drivers, prison guards, teachers and dock workers – staying off the job.

Air traffic controllers scaled back their strike from 48 hours to 12, allowing flights to take off and land after noon on Wednesday.

Meanwhile, European countries are trying to work out a broad solution to the continent's deepening debt crisis, before a weekend summit in Brussels. It became clear earlier this year that the initial bailout for Greece was not working as well as had been hoped, and European leaders agreed on a second, euro109 billion ($151 billion) bailout. But key details of that rescue fund, including the participation of the private sector, remain to be worked out.

____

Derek Gatopoulos and Nicholas Paphitis in Athens and Costas Kantouris in Thessaloniki contributed to this report.

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People demonstrate in front of the Greek parliament in Athens on October 19, 2011 as a two-day general strike began against a new austerity bill demanded by Greece's international creditors to avert bankruptcy. Over 52,000 people converged on central Syntagma Square, where parliament is located, in separate protests organised by unions but also joined by unaffiliated Greeks fed up with austerity cuts. (Getty)
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ATHENS, Greece — Hundreds of youths smashed and looted stores in central Athens and clashed with riot police during a massive anti-government rally against painful new austerity measures that wo...
ATHENS, Greece — Hundreds of youths smashed and looted stores in central Athens and clashed with riot police during a massive anti-government rally against painful new austerity measures that wo...
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07:41 PM on 10/20/2011
I wish they could just declare bankruptcy and start from scratch LOL. We should already stop griping about how they got this way, the past, or could of, should of, would of's. They're already in this mess, so how can we get out. If the sudden default and ousting of the EU would catastrophic...then why so many strikes? Without these extreme austerity measures, it seems that's the only other option. Which is the lesser of 2 evils to the Greeks? As for the rest of Europe, I still naively think that if ALL the countries of the continent united their currencies, they could salvage each other and pick up the economy as a whole. Wouldn't it be in their best interest, as opposed to every man for himself? Pointing fingers with the blame game is not helping anymore, we should be past that phase.
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Siebenstein
> there is no endless growth
05:09 PM on 10/20/2011
Humans are such bad problem-solvers.
I want their debt be forgiven tied to regulations worked oput by a committe.

Move on in different ways but this will be bad for Europe as a whole.
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Siebenstein
> there is no endless growth
05:06 PM on 10/20/2011
I love Greece and h@te to see this happening.
04:53 PM on 10/20/2011
and these are the descendants of those who invented democracy?
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Siebenstein
> there is no endless growth
05:07 PM on 10/20/2011
1d10t
This user has chosen to opt out of the Badges program
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stargazer13
To Love One Is To Love All
02:48 AM on 10/21/2011
and it looks like there still fighting for it !!
04:47 PM on 10/20/2011
This country should be voted out of the European union, from what I have been reading about it.
Germany and France will pay dearly to try and bail them out, and their return will not be appreciable.
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Siebenstein
> there is no endless growth
05:07 PM on 10/20/2011
you do not understand what you are talking about
04:44 PM on 10/20/2011
Whether in Greece, Libya, Africa, or any where else in the world, when you abuse animals long enough by taking away their pride and dignity, their homes, their jobs and income, raise the price of food and everything else so the animals end up with scraps, show impartiality to the 'haves' while totally ignoring the pain and suffering of the 'have nots', you have created some very angry creatures left with very few choices. Whether a nonhuman animal or a human one, it is the nature of all living beings, and they will all react the same. They will fight back at their oppressors and abusers.
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Jorge Escondido
04:32 PM on 10/20/2011
Occupy Athens seems to be going along swimmingly, wouldn't you say?
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aforbes808
Naked is a state of mind.
05:00 PM on 10/20/2011
Yes I would. This is a dangerous game of class warfare. The Greek citizens will not let "key power brokers" dictate their futures. Good for them and wake up Washington. You, (like the Greek government) are walking on the backs of the bruised. It would tread lightly if I were you. Get a clue. "We will not to gently into that sweet night. We will rage against the machine." If it is to be the undoing of the 99%, we will take the 1% will us.
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Siebenstein
> there is no endless growth
05:11 PM on 10/20/2011
Europeans are not quiet as long as Americans once they are p155ed off.
01:48 PM on 10/20/2011
The Greeks made a national pass time of avoiding taxes.

It is time for the tax cheats to pay their fair share.

If they paid their taxes then the government would have more funds and the cuts would not need to be so deep.
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junkiebev
Literally a Socialist
04:20 PM on 10/20/2011
How are people buying into the idea that there is a way for Greece to pay its debts back in full? At this point there is no stopping a Greek default, and it's been that way since mid '08

The ECB have been pushing the same solutions for the last year and a half, that is, attempt to keep everything as normal as possible by bailing out Greece every time it is about to fail to pay its debts in order to keep systemic risk from damaging the European banks which lent unwisely.

The burden of the proposed austerity measures falls overwhelmingly on Regular People who had absolutely no part in causing this mess, and the burden gets worse the longer policymakers keep on the same path.

When the inevitable occurs, some banks will blow up. That some believe that there is somehow a set of imposed austerity measures by which the banking system can avoid this defies logical explanation.

2008 was a structural solvency crisis - those types of calamities are not fixed with more money lent at higher interest. If you wish to spend the labor of your working years propping up Insolvent European Banks which Lent Unwisely, feel free.

The German people and the Greeks are perfectly right in protesting any policy which would oblige them to do so.
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Craig Bovia
Vermont, 1791, women can vote, no slavery allowed
01:02 PM on 10/20/2011
GOPer's, watch what you cut. The US is watching Greece and learning. "The general strike is set to continue Thursday, with all sectors – from dentists, hospital doctors and lawyers to tax office workers, taxi drivers, prison guards, teachers and dock workers – staying off the job."
We can do that. Time to hit the Big Boys. In the wallet where their hearts live. This Christmas spend much less. Give the Kids their Santa Claus. Give Adults Love and Good Wishes
12:24 PM on 10/20/2011
This is what happens when your government is not in check and almost half of the population rely on the same government, combined with abject corruption. I know liberal.s would luv to Blame the US Banks for all the world problems, Greeks issues are all caused by their own Government Period!1.
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sherman89
12:36 PM on 10/20/2011
We have over half our population in the US collecting some form of government assistance, kind of sounds like the same problem and I suppose we do not have any corruption in our government. We will not blame the US banks for the World problems we can keep that record right here it home.
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sherman89
12:38 PM on 10/20/2011
I would sure like to find out who created the sub-prime mortgage fiasco and then we bundled them up as low risk securities and sold them around the world.
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Craig Bovia
Vermont, 1791, women can vote, no slavery allowed
01:07 PM on 10/20/2011
Don't forget. Those that created and sold them bet that they would lose value and fail.
Steal a loaf of bread and you're in Jail. Rob the Masses and we Crown your King.
Ain't America Great???
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djh6721
Sic gorgiamus allos subiectatos nunc:
12:19 PM on 10/20/2011
I guess it is time to book that Hotel room in Athens The rates will likely not get lower.
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sherman89
12:18 PM on 10/20/2011
Watch carefully what is happening in Greece because it will repeated around the world as governments strive to maintain their position as the only fully paid government workers in the country. Does anyone know where the money that is to be loaned to the government of Greece is going to be spent? As the Greeks in the street are hard hit with increased taxes and lack of pay it will be tough for them to watch the money go to financiers to cover old debt.
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omobob
left coast, usa
11:46 AM on 10/20/2011
> The rioting came on the first day of a 48-hour nationwide general strike that brought services in much of Greece to a standstill, grounding flights for hours, leaving ferries tied up in port and shutting down customs offices, stores and banks.

Pay attention America. Coming soon to a tea party republican administration near you.
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Craig Bovia
Vermont, 1791, women can vote, no slavery allowed
01:09 PM on 10/20/2011
The American Revolution Revisited
April22
Some experiences in life are ineffable
11:46 AM on 10/20/2011
As I am sure you are well aware, in July of this year US taxpayers sent $780 million to Greece for a bailout.

The winners of this bailout, however, will be the same hedge funds which made out like bandits when Lehman collapsed and Wall Street was bailed out, as they have been buying up Greek debt at 40 cents on the dollar. Not only will they be paid in full, they will paid the interest on those notes, as well.

Oh wait, it gets better!

As a part of the bailout, the IMF will borrow the $780 million from the Federal Reserve at 0.25%, which the US is borrowing from China, at a loss, to lone to the IMF.

By the way, the US's contribution for the bailout is 17.1% compared to China's 3.7% of the total $4.6 billion.
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Craig Bovia
Vermont, 1791, women can vote, no slavery allowed
01:11 PM on 10/20/2011
What is the cost if Greece goes bankrupt?
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fineartgalaxy
Speaking from the heart, always.
11:16 AM on 10/20/2011
According to Herman Cain OWS protesters should be protesting in front of the WH. Should these greek citizens be also doing the same? Is this also Obama's fault? Not the banks, right? Just Obama's fault.
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omobob
left coast, usa
11:48 AM on 10/20/2011
Correct. Well noted. faved. cheers.

Private Wall Street Companies Caused The Financial Crisis — Not Fannie Mae, Freddie Mac Or The Community Reinvestment Act: October 14, 2011 7:28 am ET

In the four years since the housing bubble burst, triggering a collapse in global financial markets whose value had been propped up through the repackaging and trading of home loans via complex financial instruments, there's been plenty of blame to go around. The Occupy Wall Street protests have called new attention to the root causes of the crisis, and led Republicans to reiterate their claim that government-backed lenders Fannie Mae and Freddie Mac were the primary villains. The facts about the subprime mortgage market prove that claim false: Private firms dominated the subprime market boom of 2004-06, and were not even subject to the 1977 Community Reinvestment Act some Republicans vilify. Thanks to decades of financial deregulation, capped by President Bush's decision to appoint Wall Street regulators who believed their job was to help banks rather than curb banking abuses, financial giants were able to turn the mortgage market into a high-stakes casino. As investigative reporters and Congress' Financial Crisis Inquiry Commission have all shown, it was deregulation mixed with irresponsible and potentially illegal practices by private firms on Wall Street that caused both the bubble and the collapse.

http://politicalcorrection.org/factcheck/201110140001
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99 percenter
12:29 PM on 10/20/2011
CORRECT! and well said both of you..fineartgalaxy and omobob.. It's so sinister what they're doing and so easy to track..If you thnk about the way we used to retire in this country. (1) pension..replaced by the 401K =wall street.. (2) savings..replaced by stocks and portfolios as savings interest rates are too low to accumulate any meaningful wealth=wall street..and no (3) social security..they, with wholly owned subsidiary funded republicans, are trying their hardest to get a piece of that now as well.. insuring that they control the wealth in this country and beyond for generations to come. We cannot allow this to happen! Greece, Arab Spring, OWS!! Attention Koch Brothers,Rove, and Cantor types! When you suppress the dignity and an ability of the living wage, and self respect of millions, you almost assuredly insure your demise. Be afraid, be very afraid..
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Craig Bovia
Vermont, 1791, women can vote, no slavery allowed
01:12 PM on 10/20/2011
I am with Omobob
F/F