Greek dockworkers on anti-cuts strike - Gayo Lues

Demonstrators scuffle with riot police during anti-austerity rallies on the Greek Independence Day, Athens, March 25, 2012. (File photo)
Tue Apr 10, 2012 7:58AM
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Dockworkers in Greece have launched a 48-hour strike to protest the government’s austerity measures, a move expected to deal a heavy blow to the tourism sector of the already cash-strapped country.

The walkout caused ships and ferries across the Mediterranean country to remain anchored at ports, disrupting Easter holiday plans in the crisis-hit state.

The workers are angry at the social security changes and plans to deregulate the industry, which accounts for 16 percent of Greece’s annual gross domestic product and nearly 18 percent of the jobs in the country.

Greece has the highest debt burden in proportion to the size of its economy in the 17-nation eurozone. Despite austerity cuts and bailout funds, the country has been in recession since 2009.

Greeks have been protesting against the state’s austerity cuts since early 2011, when the government first implemented the measures.

In order to secure a EUR 130-billion bailout package funded mostly by the eurozone member states and the International Monetary Fund, the country had to adopt harsh austerity measures, including massive cuts to its private and public sector wages, pensions, health and defense spending, which have worsened the economic recession, leading to thousands of job losses.

YH/MB/HJL

source: Presstv.ir – Europe News

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