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Greece braced for more strikes as Papandreou meets Obama
Published in Saudi Press Agency on 09 - 03 - 2010

Greece on Tuesday was braced for more strikes this week as Prime Minister George Papandreou continued a four nation tour
aimed at boosting the country's financial credibility amid a debt
crisis, according to dpa.
The 24-hour nationwide strike, the second in two weeks, will
paralyse much of daily life across the country with ministries,
public services, banks and schools closing down and hospitals will be
operating on emergency staff.
Greeces prime minister is currently on a four-nation tour aimed
at boosting Greeces financial credibility and winning support for
more favourable interest rates for loans. He is scheduled to meet
with US President Barack Obama later Tuesday.
He has said that the solution lies with support from European
Union countries and has urged the United States to crack down on
currency speculators amid reports that some U.S. funds have placed
big bets against the euro.
Papandreou has said that if Greece did not end up getting support
from the EU it might have to appeal to the International Monetary
Fund for help - an option which would be seen as an embarrassment for
Greece's EU partners, highlighting the bloc's inability to manage the
crisis on its own.
Air, rail and public transport will be disrupted as air traffic
controllers will shut down the country's airspace beginning midnight
Wednesday. A strike by sailors will also tie up ships at ports across
the country.
Striking refuse workers announced they would extend their walkout
until Thursday, causing piles of rubbish to remain uncollected in the
streets of Athens and other cities.
The nationwide walkout is part of the protests against economic
austerity measures aimed at solving the country's debt crisis.
The unions oppose a 4.8 billion euro austerity package that will
hike consumer taxes and slash pay for public sector workers by up to
8 per cent.
An opinion poll published Monday found that 65.3 per cent of
Greeks believe the austerity measures to be "unfair."


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