German Chancellor Angela Merkel has told Greece that the "tough path" of painful spending cuts will pay off, amid demonstrations by thousands of protesters in Athens in a show of anger against her visit.
The managing director of the IMF believes that the Greek parents have to take responsibility if their children are being affected by the austerity program.
"Parents have to pay their tax," she says.
Within the framework of the second memorandum in June, we expect new measures required by the Troika.
The Center for Economic Research of Greece, at the behest of the government, wrote the report contained in government expenditure intended to drastically cut.
Interventions of the measures of June include the following areas:
Education - Reduction in salary of kindergarten teachers, teachers, high school professors and academics, possibly with a parallel increase in their working hours.
Nigel Farage: "These are big changes - the euro is doomed. And your policy sir, even if Greece accepts the austerity you're putting upon them, even if for the next eight years they obey all of this, they'll be still in 2020 have a debt GDP ratio of a 120 percent; which makes one ask "What is the point?"
The answer: "Laughing"
Watch the video below:
The workers in Public Transports oppose against the latest austerity measures!
Transport Minister Makis Voridis, Deputy Marine Minister Adonis Georgiadis, Deputy Defence Minister George Georgiou and Deputy Minister of Rural Development Asterios Rontoulis resigned from the government.
Earlier today, George Karatzaferis stated that his party has decided that they will not vote for the new austerity measures!
"These measures are not only tough but also painful for the working people!" said Mr. Koutsoukos and he added
“Our lenders ignored our arguments and suggestions in a blackmailing way… Our initial fears for the true purposes of the IMF have been confirmed. It is obvious they serve certain interests since the ignore negative effects of the measures in our country's economics and the recession.”
In addition, a few hours ago, the parliament member of PASOK party Pavlos Stasinos has also resigned, showing opposition to the cruel policies of the government!
Due to the strike the public transports will operate as following:
Buses will operate from 9 am to 9 pm.
Metro and trains and tram will operate form 10 am to 5 pm
Trolley buses will operate from 8 am to 9 pm.
TrainOSE and Proastiakos will be in a 24-hour strike.
Moreover, Greek Seamen Federation is planning to join the 24-hour strike, so ships, ferries will not operate from 00:01 Tuesday until 12:00 pm ths same day
After a long meeting on Sunday which will be continued on Monday the office of the Prime Minister issued the following statement:
Prime Minister and the political leaders agreed on key issues which are, among others:
1) The measures in 2012 to reduce public spending by 1.5% of GDP.
2) Ensuring the sustainability of supplementary pension funds.
First large demonstration in 2012 – More than 10000 protested against the austerity measures! (Videos)
About 7,000 members supporters of PAME were gathered in Omonia Square and marched to the Labour Ministry, shouting slogans and holding banners against ''the plutocrat government."
A further reduction of incomes awaits Greek citizens from January 1st 2012. The implementation of the increased deduction attributable to the reduction of tax exemption at 5,000 euros begins. I addition there will be the deduction of special contribution by employees and retirees with annual incomes above 12,000 euros and 31 - 12-2014.
The Ministry of Finance Mr. Kapeleris send today the circulars for the tax deduction and special contribution. The implementation of the new measures will lead to reductions in monthly incomes ( 30 euros for a private sector employee with a monthly salary of 1,000 euros)!
Do not forget of course, the special contribution for the current year which we will receive shortly and can be paid in six installments....
Workers of the public sector,in health, education, justice, public authorities, pension funds, private employees, banks, shipping will participate in the strike. Journalists did not work today in order to cover tomorrow's demonstrations.
GSEE and ADEDY have planned a central gathering tomorrow at 11 a.m. at Pedion Areos.
The public transport will operate as following: