Elena Becatoros — Greece's Public Sector Shuts Down For 2-Day Strike As Thousands Of Civil Servants Protest Austerity Cuts

Mike Norman Economics 2013-09-19

Thousands of civil servants marched through the Greek capital and the second largest city of Thessaloniki on Wednesday, as a two-day nationwide strike against planned job cuts shut down all public services.
Schools and courts were closed and hospitals were functioning with reduced staff. Trains were halted for four hours, and journalists joined in with a three-hour work stoppage, pulling news broadcasts off the air.
The walkouts are the first widespread strike action after the summer period and aim to put pressure on the coalition government to repeal unpopular austerity measures required as part of the country's international bailout. Officials have vowed not to back down....
The country has been depending on bailout loans from the International Monetary Fund and other European countries since May 2010. In return, it has implemented a series of strict austerity measures to reform its economy. 
They have included deep cuts to state salaries and pensions and repeated rounds of tax hikes, measures which many blame for prolonging a deep recession that is now in its sixth year. Unemployment is above 27 percent, the highest in the European Union, while it reaches nearly 60 percent for those under the age of 25.
The Huffington Post Greece's Public Sector Shuts Down For 2-Day Strike As Thousands Of Civil Servants Protest Austerity Cuts Elena Becatoros