Police clash with workers in Athens

On Friday, police fired teargas at hundreds of Greek workers who had staged a rally outside the Bank of Greece and the Ministry of Labor and Social Security to protest against losing their savings as a result of the country’s bailout deal.

The demonstrators chanted slogans such as “Thieves!” and “Take the austerity package and get out!”

“They lowered our pensions. We can’t take anymore. We should all commit suicide,” Secretary of the Union of Dockworkers Fotis Siakaras said during the protest, referring to the retired elderly who shot himself in the head over financial problems outside the parliament on Wednesday.

The suicide incident has sparked violent anti-austerity protest rallies in Athens.

Greece has been in a financial crisis since 2010 and has relied on international bailout loans ever since.

In order to secure a EUR 130 billion bailout package funded mostly by eurozone member states and the International Monetary Fund, the country had to adopt harsh austerity measures including massive cuts to its private and public sector wages, pensions, health and defense spending, which have worsened the economic recession, leading to thousands of job losses.

According to Eurostat, the European Union statistics office, unemployment rate in the country was 21 percent as of December 2011.

MHB/MF/GHN

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