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Tuesday, June 28, 2011

Greece debts: General strike held amid cuts debate

The BBC's Jon Sopel: "The Greeks have had enough". A 48-hour general strike has begun in Greece, as parliament prepares for a key vote on tough austerity measures.

Large crowds of protesters are gathering on the streets, with public transport in Athens grinding to a halt.
On Monday, Prime Minister George Papandreou said only his 28bn-euro (£25bn) austerity programme would get Greece back on its feet.
If the government loses, the EU and IMF could withhold 12bn euros of loans and Greece could run out of money in weeks.
French President Nicolas Sarkozy has said French banks are ready to offer new 30-year loans to Greece when its current debts fall due.
He said other European countries whose banks had lent money to Greece were considering the same model to help prevent a default. But the UK denied it was pressing banks to "take a haircut".

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