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Edition: U.S. Article Comments (1) Slideshow Video Save Email Print Reprints Most Popular Most Shared UPDATE 2-US Democrats would kill healthcare over abortion 04 Mar 2010 It's official: An asteroid wiped out the dinosaurs 04 Mar 2010 Chinese youth accused of not being fighting fit 04 Mar 2010 No terrorism link to Pentagon shooting: police 7:01am EST WRAPUP 1-Germany rules out immediate aid for Greece 7:02am EST It's official: An asteroid wiped out the dinosaurs 04 Mar 2010 UPDATE 2-US Democrats would kill healthcare over abortion 04 Mar 2010 Could germs be making you fat? 04 Mar 2010 No terrorism link to Pentagon shooting: police 7:01am EST British granny takes French party scene by storm 04 Mar 2010 Greeks fight cuts but expect government to win out Angeliki Koutantou and Lefteris Papadimas ATHENS Fri Mar 5, 2010 10:01am EST Related News Merkel to offer no aid to Greece at Friday meeting Wed, Mar 3 2010 Related Video Protests continue in Greece Thu, Mar 4 2010 < 1 / 11 > View Full Size ATHENS (Reuters) - Strikes hit schools and hospitals and brought public transport in Athens to a halt on Friday in protests against austerity measures imposed by the Greek government. World Police fired teargas to disperse a group of youths throwing stones at riot police and scuffling with other protestors. Pressured by financial markets and the European Union, Greece announced on Wednesday 4.8 billion euros ($6.5 billion) in new spending cuts and tax hikes to tackle its huge fiscal deficit and 300 billion euro ($408 billion) debt pile. On Friday, the only buses on the streets belonged to the riot police. At the airport, more than 60 flights were canceled as unions called impromptu work stoppages and protesters shouting "never, never, never" marched on parliament. Pagiaslis Giannis, 57, a private sector employee taking part in one of the marches, said the protests were a healthy response and that while people wanted to express their anger they also understood that belt-tightening was necessary. "It's like the slap that a father gives to his child and the child reacts even though he knows he was in the wrong," he said. The protests escalated as an opinion poll showed strong opposition to some measures such as higher VAT and a freeze on public pensions but support for moves to raise tax on alcohol, cigarettes and luxury goods. The survey also showed that 78 percent of people believed there was a high probability that all of the government's measures would be implemented. Ratings agencies and other EU governments have said delivery will be key in determining whether Greece can re-establish its credibility on the world stage and as a borrower. Figures published on Friday showed that foreign investors bought 77 percent of a 5 billion euro bond sold by the Greek government this week with the biggest demand coming from Britain and Germany. Friday's survey did not ask how the crisis was being handled overall but two polls in late February before the latest round of cuts showed most Greeks thought the government was dealing with it effectively. PAPANDREOU SEEKS GERMAN HELP The latest protests took place as Greek Prime Minister George Papandreou traveled to Germany for a meeting with Chancellor Angela Merkel in the hope of persuading her to back more concrete EU support measures for Greece. Papandreou has said it is time for the European Union to do its bit although Germany again moved to temper his expectations with Economy Minister Rainer Bruederle saying his government "does not intend to give a cent" to Greece. Opposition to cutbacks has so far been relatively muted for a country with a tradition of street protest. Police officials on Friday estimated about 12,000 demonstrators were on the streets, most behaving peacefully. Those polled in the latest survey did not expect the government to get an easy ride, however, with 62 percent predicting social unrest was highly likely in the next year. "Something must be done to avoid bankruptcy but I believe that strikes will continue for months," said Dimitris Thanos, a kiosk employee in the center of Athens. Meanwhile the main public sector union ADEDY brought forward a planned national strike to March 11 from March 16 and its sister private sector union GSEE said it would join them. The two unions represent half Greece's 5-million workforce. ($1=.7362 Euro) World Comments See All Comments (1) | Post Comment Mar 05, 2010 10:20am EST “It’s like the slap that a father gives to his child and the child reacts even though he knows he was in the wrong.” This is absolute propaganda! The situation is the opposite of what is being said. The people are the parents and the government is the child! What Greece is going through is more like a house where the worthless drug addicted kids (the govt.) take over the house and run it into the ground when finally the parents take a stand to take the house back and the kids enlist their thug friends (the military) to beat down the parents (the people). ozone702 Report As Abusive See All Comments (1) Add a Comment More from Reuters Economy sheds 36,000 jobs, weather impact unclear WASHINGTON (Reuters) - U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate steady at 9.7 percent, bolstering views the labor market was on the brink of creating jobs. | Video Germany rules out immediate financial aid for Greece Chile quake-area still shaking, death toll unclear | Video NY governor's support thin amid pressure to resign China's Wen enters final push for soft-edged agenda Prudential may exit some Asia markets post-AIA buy » More Top News Whatever happened to ethics? The financial crisis isn't just about dollars and cents, it's about right and wrong. Good luck getting a politician worked up about it. Full Article New bailout move hits taxpayers "America's Prophet" accused of fraud Felix Salmon: AIG's sleazy move Regulation China locks in balancing act China will look to heal social rifts with more spending while tightening its belt in the face of a cloudy economic outlook. Video | Full Article Yuan tensions with West seen growing China signals bank concern easing Wen eyes peace, trade deal with Taiwan China © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal EVCJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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