~Greece Burns as Police Threaten to Arrest EU & IMF Leaders~
Greece Burns as Police Threaten to Arrest EU & IMF Leaders
Alex Newman | The New American | February 14 2012
Following the approval of fresh austerity measures in Greece demanded by the European Union and the International Monetary Fund to qualify for the next round of bailouts, furious rioters clashed with police and set dozens of buildings on fire in Athens. But despite the ongoing conflicts between law enforcement and protesters, the Greek police union has threatened to arrest senior EU and IMF officials, too.
The latest austerity package, passed by Parliament over the weekend amid massive protests, cuts about one in five government jobs in a desperate effort to keep the international bailout funds flowing. Minimum wage was slashed by more than 20 percent and pensions were cut as well. More budget cuts and tax increases are expected in the not-too-distant future.