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GREECE PARALYSED BY NATION-WIDE STRIKE AGAINST PENSIONS REFORMS

By The News Desk - In Uncategorized - At Jun 30, 10 01:38 PDT -25200

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By Hassan MohammadZaman

Mid East correspondent for crwenewswire.com

Greece was paralyzed by the second strike in a week against the pension reforms as part of austerity measures. Greek public service was closed down and major transport was disrupted, several domestic flights cancelled and train service severely reduced, however international flights remained unaffected. Local media, schools and municipal offices also remained closed.

Thousands of Greek workers will march towards the Greek capital Athens to protest against the pension reforms. The reforms will increase the retirement age and make it easier for companies to fire workers. Struggling with a debt of 300 billion dollars the country currently has a deficit of 12.7% four times more than the euro zones rules allow. The government has pledged to reduce the deficit to 8.7% by cutting salaries, raising average retirement age to 63 by 2015, increasing taxes on alcohol, petrol and tobacco.

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of this Web-Site or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company or person mentioned or referred to in the article.

 
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