Search This Blog

Friday, September 28, 2012

Anti-Austerity protests hit Italy: Italian workers kickoff anti-austerity general strike

Students march during a protest in Rome on September 28, 2012 against the government plans on financial cuts and spending review (AFP Photo / Filippo Monteforte)
Students march during a protest in Rome on September 28, 2012 against the government plans on financial cuts and spending review (AFP Photo / Filippo Monteforte)
Hundreds of Italians gathered for a general strike staged by two of the nation’s largest labor unions, protesting recent harsh austerity measures. The walkout came days after thousands hit the streets of Athens and Madrid for similar protests. Throngs of protesters – ranging from university professors, public administration and health employees, and garbage collectors – took to the streets of Italy on Friday as part of a strike organized by the Italian General Confederation of Labor (CGIL) and the Italian Union of Labor (UIL). "Stop hitting the weakest. We have already given enough," the unions wrote on their websites.
The demonstrators railed against the austerity measures enacted in August by Prime Minister Mario Monti. Italy will make further cuts this year totaling 4.5 billion euros in an attempt to balance the country’s budget deficit. An estimated 26 billion euros in spending cuts are planned for the next three years, with 10.9 billion in cuts next year and 11.7 billion in 2014. The measures adopted in August include cutbacks in public sector payrolls and investment, and cuts in state healthcare. Salary increases for state workers were also frozen for two years. Unemployment in Italy has soared, reaching 10.7 percent in July – the country’s highest rate in the last eight years.
 Italian Prime minister Mario Monti (AFP Photo / Mikko Stig)07.08, 16:071 comment

Italian PM wins confidence vote on extra cuts

Italian Prime Minister Mario Monti has won a confidence vote on a bill to cut spending by an extra 4.5 billion euros this year to overturn the budget deficit.
A molotov cocktail explodes beside riot police officers near Syntagma square during a 24-hour labour strike in Athens.(Reuters / Yannis Behrakis)26.09, 13:4238 comments

Riot rage: Athens protesters throw firebombs, police shoot tear gas (VIDEO, PHOTOS)

A rally in the Greek capital turned violent when protesters in Syntagma Square lobbed Molotov cocktails at police, who retaliated by firing tear gas at the demonstrators.
Eurozone crisis
Protesters shout slogans during a demonstration outside Madrid's Parliament, September 26, 2012. (Reuters/Susana Vera)26.09, 22:4730 comments

‘NO’! Thousands flood Madrid in second day of anti-cuts demos (PHOTOS)

Following a violent police crackdown on Tuesday, thousands of Spaniards returned to Madrid’s Plaza de Neptune to continue protests against a new round of highly contentious austerity measures.
Eurozone crisis
Alberto Tojeira Simoes, from Portugal, begs for money in Madrid's commercial district. (Reuters / Susana Vera)25.09, 16:353 comments

No growth for Europe until 2014 – the S&P

The US credit rating agency Standard & Poor's has slashed its forecasts for the eurozone, warning that the region’s economy won’t start to grow at least until 2014.
Eurozone crisis
Eurozone PMI slips the sharpest in 3 years in September 20.09, 17:004 comments

Eurozone sentiment falls in September to lowest level in 3 years

Europe appears headed for a deepening economic recession, as its economy contracted faster in September than any month since June 2009. A closely watched survey found that’s despite easing of market concerns over the three-year debt crisis.
Eurozone crisis

No comments:

Post a Comment