Thousands of individuals marched in Athens against pension reforms…
Social unrest is developing in Greece as worker Unions have called for a general strike on February 4th, 2016.
The Greek government’s plans for pension reforms have brought thousands of farmers out on the streets in protests in the north of the country, and in Athens it was pensioners who voiced their anger. The farmers have threatened to block key roads with their tractors on… –euronews.com
Ferries stay docked, farmers empty milk churns in Greek pension protests
Ferries remained docked at Greek ports and farmers poured milk onto the streets on Wednesday in protest over plans to revamp Greece’s pensions system, a condition for the country’s multi-billion euro bailout.
Public anger is growing over the leftist-led government’s drive to cut its costly pension bill by some 1.8 billion euros this year, the equivalent of about 1 percent of national output.
Public and private sector workers plan a national walkout on Feb. 4 but ship workers took early action on Wednesday by starting a 48-hour strike that brought passenger shipping activity in the seafaring nation to an effective standstill.
“This is a first response to the third (bailout) maelstrom,” the Panhellenic Seafarers’ Federation said in a statement. Under reform proposals, their own contributions fund will be merged with another, sparking concerns about lower pensions in future.
On the Aegean island of Naxos, where farming accounts for 50 percent of the local economy, farmers gathered at its port to pour away milk. In the city of Thessaloniki in northern Greece, farmers gathered with their tractors to protest.
“The government is planning to double our taxation … and triple our pension contributions. This is unacceptable, they will exterminate us”, said Vagelis Boutas, president of a national committee coordinating the farmer protests.
Read More @ Reuters
Lagarde and Tsipras Meet in Davos: IMF Demands Debt Relief for Greece Or Else…
In basic terms— if the Eurozone wants the IMF involved, it would only do so if Greece’s debts are written down.
The IMF is already a participant in Greece’s first two bail outs but expressed concern about the country’s ability to grow, given that debts are too burdensome and will prevent a lasting economy. –pappaspost.com