Showing posts with label Austerity. Show all posts
Showing posts with label Austerity. Show all posts

Monday, October 3, 2011

Greece to miss deficit target, imposes more cuts on workers

The Greek cabinet met Sunday and conceded that it would miss the deficit target set by the IMF and European authorities for the current year. According to the finance ministry, the deficit will exceed the target of €17.1 billion, and would reach €18.69 billion ($25 billion)—about 8.5 percent of gross domestic product. http://www.wsws.org/articles/2011/oct2011/gree-o03.shtml

Sunday, October 2, 2011

Bus services to be disrupted on Monday

City bus services will be suspended between 11 a.m. and 5 p.m. on Monday as workers walk off the job to attend a general assembly meeting and decide on how to continue their protests against government reforms streamlining their sector. http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_16_01/10/2011_408919Labor