Greeks Strike as Fresh Austerity Plan Sparks Fury

May 11, 2011 from Euronews

Greece is once again in the grip of a general strike as people protest against the governments raft of harsh austerity measures aimed to keep the debt-ridden the country solvent. Athens is currently planning further measures to save an extra 23 billion euros by 2015, and ordinary Greeks are outraged.

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Greece

Greece, officially the Hellenic Republic, is a country in Southeast Europe. According to the 2011 census, Greece's population is around 11 million. Athens is the nation's capital and largest city, its urban area also including Piraeus. Greece is strategically located at the cr... Explore this topic

General strike

A general strike is a strike action in which a substantial proportion of the total labour force in a city, region, or country participates. General strikes are characterized by the participation of workers in a multitude of workplaces, and tend to involve entire communities. G... Explore this topic

Austerity

In economics, austerity describes policies used by governments to reduce budget deficits during adverse economic conditions. These policies can include spending cuts, tax increases, or a mixture of the two. Austerity policies may be attempts to demonstrate governments' liquidi... Explore this topic

Athens

Athens is the capital and largest city of Greece. Athens dominates the Attica region and is one of the world's oldest cities, with its recorded history spanning around 3,400 years. Classical Athens was a powerful city-state. A centre for the arts, learning and philosophy, home... Explore this topic

European Union

The European Union is an economic and political union of 27 member states that are located primarily in Europe. The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states. Institutions of the EU in... Explore this topic

Global Financial Crisis

The financial crisis of 2007–2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It resulted in the threat of total collapse of large financial ins... Explore this topic

Economy

An economy consists of the economic system in a certain region, comprising the production, distribution or trade, and consumption of goods and services in that region or country. An economy is the total aggregate sum of all transactions of value between two agents, such as one... Explore this topic

Economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος + νόμος, hence "rules of the house". Political economy was the earlier name for the subject, ... Explore this topic

Euronews

Euronews is a European, multilingual news television channel, headquartered in Lyon-Écully, France. Created in 1993, it claims to be covering world news from a Pan-European perspective. Explore this topic

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