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Greeks Hold Anti-Austerity Protest

Greeks Hold Anti-Austerity Protest
folder_openGreece access_time8 years ago
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Thousands of Greeks took to the streets of Athens, Greece's capital to protest against the country's international creditors which demand that the Greek government impose austerity measures in return for bailouts.

Greeks Hold Anti-Austerity Protest

The protesters gathered on Wednesday ahead of a meeting between the country's leaders and Eurozone finance ministers in Luxembourg.

Furthermore, they called on the anti-austerity leftist government in Greece to reject the demands made by the troika of lenders - the European Central Bank, the International Monetary Fund, and the European Commission.

The demonstrators also held banners accusing the European Union [EU] of being "blackmailers."

The protests come shortly after the Greek Central Bank warned that the country could possibly be forced to exit the Eurozone and the EU over its failure to strike a deal with creditors.

Moreover, Greek Prime Minister Alexis Tsipras had criticized the reform proposals presented by the lenders as being "irrational." The creditors have also so far rejected the proposals made by Greece.

Greek Finance Minister Yanis Varoufakis said earlier that Athens would not present new proposals during the upcoming meeting in Luxembourg, which is being viewed as a last push for a deal.

Athens had been in negotiations with the troika for five months, but had so far failed to reach a deal to unlock the final €7.2 billion [$8.1 billion] of the country's promised bailout.

Accordingly, similar protests were held last week when demonstrators occupied the Finance Ministry building in Athens in protest at the new austerity measures dictated by international creditors.

Source: News Agencies, Edited by website team

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