Tags: EU | Greece | Bailout

Greek Pensioners Rally, Strike Planned against New Cuts

Thursday, 03 November 2016 05:46 AM EDT

ATHENS, Greece (AP) — Pensioners are staging an anti-government rally in Greece to protest a new round of cuts introduced under the country's international bailout program.

The protesters marched Thursday through central Athens to the labor ministry in a peaceful rally, as the country's largest labor union called a 24-hour strike for Dec. 8.

Under pressure to make deeper cuts, the left-wing government has imposed reductions on most supplementary pensions that are paid out by smaller state-backed funds.

Inspectors from the International Monetary Fund and European Union institutions are due to return to Athens this month to oversee major changes to labor laws and union regulations, as well as measures to ease pressure on domestic banks from high levels of non-performing loans.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Pensioners are staging an anti-government rally in Greece to protest a new round of cuts introduced under the country's international bailout program.The protesters marched Thursday through central Athens to the labor ministry in a peaceful rally, as the country's largest...
EU,Greece,Bailout
121
2016-46-03
Thursday, 03 November 2016 05:46 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved