Daily Hampshire Gazette - Established 1786
Cloudy
54°
Cloudy
Hi 56° | Lo 38°

Riots shatter European calm

  • ALTERNATIVE CROP FOR XPG104 - Riot policemen on fire after a petrol bomb thrown by protesters ignited during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris)

    ALTERNATIVE CROP FOR XPG104 - Riot policemen on fire after a petrol bomb thrown by protesters ignited during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris) Purchase photo reprints »

  • A fire bomb explodes among riot police during clashes in Athens Wednesday Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent.  (AP Photo/Dimitri Messinis)

    A fire bomb explodes among riot police during clashes in Athens Wednesday Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Dimitri Messinis) Purchase photo reprints »

  • A fire bomb explodes among riot police during clashes in Athens Wednesday Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent.  (AP Photo/Dimitri Messinis)

    A fire bomb explodes among riot police during clashes in Athens Wednesday Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Dimitri Messinis) Purchase photo reprints »

  • A fire bomb explodes among riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Nikolas Giakoumidis)

    A fire bomb explodes among riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Nikolas Giakoumidis) Purchase photo reprints »

  • A fire bomb explodes among riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Nikolas Giakoumidis)

    A fire bomb explodes among riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Nikolas Giakoumidis) Purchase photo reprints »

  • A fire bomb explodes among riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Nikolas Giakoumidis)

    A fire bomb explodes among riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Nikolas Giakoumidis) Purchase photo reprints »

  • Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012.  Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis)

    Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis) Purchase photo reprints »

  • Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012.  Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis)

    Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis) Purchase photo reprints »

  • A protester kicks a tear gas canister towards riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis)

    A protester kicks a tear gas canister towards riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis) Purchase photo reprints »

  • A protester kicks a tear gas canister towards riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis)

    A protester kicks a tear gas canister towards riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis) Purchase photo reprints »

  • A protester prepares to throw a petrol bomb at riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis)

    A protester prepares to throw a petrol bomb at riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis) Purchase photo reprints »

  • A protester prepares to throw a petrol bomb at riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis)

    A protester prepares to throw a petrol bomb at riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis) Purchase photo reprints »

  • A riot policeman assists a colleague after he was hit by a petrol bomb thrown by protester during clashes in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis)

    A riot policeman assists a colleague after he was hit by a petrol bomb thrown by protester during clashes in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis) Purchase photo reprints »

  • A riot policeman assists a colleague after he was hit by a petrol bomb thrown by protester during clashes in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis)

    A riot policeman assists a colleague after he was hit by a petrol bomb thrown by protester during clashes in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis) Purchase photo reprints »

  • Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts.  (AP Photo/Dimitri Messinis)

    Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. (AP Photo/Dimitri Messinis) Purchase photo reprints »

  • Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts.  (AP Photo/Dimitri Messinis)

    Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. (AP Photo/Dimitri Messinis) Purchase photo reprints »

  • An employee cleans the area outside his shop during a nationwide general strike at the central train station in Athens, Wednesday, Sept. 26, 2012. Greek workers have walked off their jobs for the first general strike since the country's coalition government was formed in June, as Athens struggles to push through more punishing austerity measures demanded by rescue creditors. (AP Photo/Thanassis Stavrakis)

    An employee cleans the area outside his shop during a nationwide general strike at the central train station in Athens, Wednesday, Sept. 26, 2012. Greek workers have walked off their jobs for the first general strike since the country's coalition government was formed in June, as Athens struggles to push through more punishing austerity measures demanded by rescue creditors. (AP Photo/Thanassis Stavrakis) Purchase photo reprints »

  • An employee cleans the area outside his shop during a nationwide general strike at the central train station in Athens, Wednesday, Sept. 26, 2012. Greek workers have walked off their jobs for the first general strike since the country's coalition government was formed in June, as Athens struggles to push through more punishing austerity measures demanded by rescue creditors. (AP Photo/Thanassis Stavrakis)

    An employee cleans the area outside his shop during a nationwide general strike at the central train station in Athens, Wednesday, Sept. 26, 2012. Greek workers have walked off their jobs for the first general strike since the country's coalition government was formed in June, as Athens struggles to push through more punishing austerity measures demanded by rescue creditors. (AP Photo/Thanassis Stavrakis) Purchase photo reprints »

  • A Greek orthodox priest walks next a docked ship during a strike at Piraeus, the port of Athens, on Wednesday, Sept. 26 2012. A nationwide general strike in debt-crippled Greece against planned new austerity measures shut down schools, banks and government offices, and stopped ferry and train services for 24 hours. Labor unions were planning protest marches in central Athens later Wednesday. (AP Photo/Petros Giannakouris)

    A Greek orthodox priest walks next a docked ship during a strike at Piraeus, the port of Athens, on Wednesday, Sept. 26 2012. A nationwide general strike in debt-crippled Greece against planned new austerity measures shut down schools, banks and government offices, and stopped ferry and train services for 24 hours. Labor unions were planning protest marches in central Athens later Wednesday. (AP Photo/Petros Giannakouris) Purchase photo reprints »

  • A Greek orthodox priest walks next a docked ship during a strike at Piraeus, the port of Athens, on Wednesday, Sept. 26 2012. A nationwide general strike in debt-crippled Greece against planned new austerity measures shut down schools, banks and government offices, and stopped ferry and train services for 24 hours. Labor unions were planning protest marches in central Athens later Wednesday. (AP Photo/Petros Giannakouris)

    A Greek orthodox priest walks next a docked ship during a strike at Piraeus, the port of Athens, on Wednesday, Sept. 26 2012. A nationwide general strike in debt-crippled Greece against planned new austerity measures shut down schools, banks and government offices, and stopped ferry and train services for 24 hours. Labor unions were planning protest marches in central Athens later Wednesday. (AP Photo/Petros Giannakouris) Purchase photo reprints »

  • Protesters gestures towards the Greek Parliament during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012.  Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris)

    Protesters gestures towards the Greek Parliament during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris) Purchase photo reprints »

  • Protesters gestures towards the Greek Parliament during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012.  Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris)

    Protesters gestures towards the Greek Parliament during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris) Purchase photo reprints »

  • ALTERNATIVE CROP FOR XPG104 - Riot policemen on fire after a petrol bomb thrown by protesters ignited during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris)

    ALTERNATIVE CROP FOR XPG104 - Riot policemen on fire after a petrol bomb thrown by protesters ignited during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris) Purchase photo reprints »

  • ALTERNATIVE CROP FOR XPG104 - Riot policemen on fire after a petrol bomb thrown by protesters ignited during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris)
  • A fire bomb explodes among riot police during clashes in Athens Wednesday Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent.  (AP Photo/Dimitri Messinis)
  • A fire bomb explodes among riot police during clashes in Athens Wednesday Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent.  (AP Photo/Dimitri Messinis)
  • A fire bomb explodes among riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Nikolas Giakoumidis)
  • A fire bomb explodes among riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Nikolas Giakoumidis)
  • A fire bomb explodes among riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Nikolas Giakoumidis)
  • Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012.  Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis)
  • Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012.  Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis)
  • A protester kicks a tear gas canister towards riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis)
  • A protester kicks a tear gas canister towards riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis)
  • A protester prepares to throw a petrol bomb at riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis)
  • A protester prepares to throw a petrol bomb at riot police during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. About 50,000 people joined the union-organized march in central Athens on Wednesday, held during a general strike against new austerity measures planned in the crisis-hit country. (AP Photo/Thanassis Stavrakis)
  • A riot policeman assists a colleague after he was hit by a petrol bomb thrown by protester during clashes in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis)
  • A riot policeman assists a colleague after he was hit by a petrol bomb thrown by protester during clashes in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts. Athens has struggled to come up with more punishing austerity measures that would be acceptable to its rescue creditors, with disagreements arising between the three parties that make up the coalition government. Greece’s creditors have demanded more fiscal reforms if they are to continue handing out rescue loans preventing the country from a messy default that could roil the euro. (AP Photo/Nikolas Giakoumidis)
  • Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts.  (AP Photo/Dimitri Messinis)
  • Protesters of the Greek Communist party affiliated unions march in front of the Greek Parliament in Athens Wednesday Sept. 26, 2012. Greek workers walked off the job Wednesday for the first general strike since the country's coalition government was formed in June, as the prime minister and finance minister hammered out a package of euros 11.5 billion ($14.87 billion) in spending cuts.  (AP Photo/Dimitri Messinis)
  • An employee cleans the area outside his shop during a nationwide general strike at the central train station in Athens, Wednesday, Sept. 26, 2012. Greek workers have walked off their jobs for the first general strike since the country's coalition government was formed in June, as Athens struggles to push through more punishing austerity measures demanded by rescue creditors. (AP Photo/Thanassis Stavrakis)
  • An employee cleans the area outside his shop during a nationwide general strike at the central train station in Athens, Wednesday, Sept. 26, 2012. Greek workers have walked off their jobs for the first general strike since the country's coalition government was formed in June, as Athens struggles to push through more punishing austerity measures demanded by rescue creditors. (AP Photo/Thanassis Stavrakis)
  • A Greek orthodox priest walks next a docked ship during a strike at Piraeus, the port of Athens, on Wednesday, Sept. 26 2012. A nationwide general strike in debt-crippled Greece against planned new austerity measures shut down schools, banks and government offices, and stopped ferry and train services for 24 hours. Labor unions were planning protest marches in central Athens later Wednesday. (AP Photo/Petros Giannakouris)
  • A Greek orthodox priest walks next a docked ship during a strike at Piraeus, the port of Athens, on Wednesday, Sept. 26 2012. A nationwide general strike in debt-crippled Greece against planned new austerity measures shut down schools, banks and government offices, and stopped ferry and train services for 24 hours. Labor unions were planning protest marches in central Athens later Wednesday. (AP Photo/Petros Giannakouris)
  • Protesters gestures towards the Greek Parliament during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012.  Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris)
  • Protesters gestures towards the Greek Parliament during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012.  Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris)
  • ALTERNATIVE CROP FOR XPG104 - Riot policemen on fire after a petrol bomb thrown by protesters ignited during a nationwide general strike in Athens, Wednesday, Sept. 26, 2012. Police clashed with protesters hurling petrol bombs and bottles in central Athens Wednesday after an anti-government rally called as part of a general strike in Greece turned violent. (AP Photo/Petros Giannakouris)

Police fired tear gas Wednesday at rioters hurling gasoline bombs and chunks of marble during Greece’s largest anti-austerity demonstration in six months. The protests were part of a 24-hour general strike, the latest test for Greece’s nearly four-month-old coalition government and the new spending cuts it plans to push through.

The brief but intense clashes by several hundred rioters among the 60,000 people protesting in Athens came a day after anti-austerity protests rocked the Spanish capital.

In Madrid, thousands of angry protesters again swarmed as close as they could get Wednesday night to Parliament, watched by a heavy contingent of riot police. There was no fresh violence, but the demonstrators cut off traffic on one of the city’s major thoroughfares at the height of the evening commute.

The protesters chanted for the release of 34 people detained Tuesday night in clashes that injured 64 others. They also demanded new elections to oust Prime Minister Mariano Rajoy and his conservative government, which has imposed cutbacks and tax hikes, deepening the gloom in a country struggling with recession and unemployment of nearly 25 percent, the highest among the 17 nations using the common euro currency.

Spain’s central bank warned Wednesday the country’s economy continues to shrink “significantly,” sending the Spanish stock index tumbling and its borrowing costs rising.

Across Europe, stock markets fell as well. Germany’s DAX dropped 2 percent while the CAC-40 in France fell 2.4 percent and Britain’s FTSE 100 slid 1.4 percent. The euro was also hit, down a further 0.3 percent at $1.2840.

The turmoil Wednesday ended weeks of relative calm and optimism among investors that Europe and eurozone might have turned a corner. Markets have been breathing easier since the European Central Bank said earlier this month it would buy unlimited amounts of government bonds to help countries with their debts.

The move by the ECB helped lower borrowing costs for indebted governments from levels that only two months ago threatened to bankrupt Spain and Italy. Stocks also rose. However, the economic reality in Europe remained dire. Several countries have had to impose harsh new spending cuts, tax rises and economic reforms to meet European deficit targets and, in Greece’s case, to continue getting vital aid. The austerity has hit citizens with wage cuts and fewer services, and left their economies struggling through recessions.

as reduced government spending has undermined growth.

“Yesterday’s anti-austerity protests in Madrid, together with today’s 24-hour strike in Greece, are both reminders that rampant unemployment and a general collapse in living standards make people desperate and angry,” said David Morrison, senior market strategist at GFT Markets.

“There are growing concerns that the situation across the eurozone is set to take a turn for the worse,” he said.

Spain has struggled for months to convince investors that it can handle its debts. The government is to unveil an austere 2013 draft budget and new economic reforms Thursday. Many believe they could be a precursor to a request for financial help from the ECB. The government has already introduced (euro) 65 billion ($83.5 billion) in austerity measures designed to bring down its deficit.

The country is suffering its second recession in three years, with a predicted 1.5 percent economic contraction in 2012. The Bank of Spain warned Wednesday the recession could be deeper.

Spain has come under pressure to tap the ECB bond-buying program that has been partly designed to keep a lid on the country’s borrowing costs. So far, the government has been reluctant to ask for help for fear of the conditions that may be attached.

Spain’s IBEX stock exchange fell in 4 percent on Wednesday while the interest rate on its 10-year bonds rose 0.26 percentage points to 5.99 percent on concerns about the country’s economy and that it is taking too long to make up its mind about applying for ECB assistance.

“The demonstrations remind us that central bankers cannot solve the crisis alone. The ECB’s plan to intervene in sovereign bond markets can only succeed if governments in crisis countries can convince their electorates that ongoing austerity and reform are necessary to avoid bankruptcy,” said Martin Koehring of the Economist Intelligence Unit.

“This, however, is increasingly challenging without the return of economic growth.”

Greece, meanwhile, has been dependent since May 2010 on billions of euros in two rescue loan packages from other eurozone countries and the International Monetary Fund. In return, it slashed salaries and pensions and hiked taxes in an effort to reform an economy derailed by decades of overspending and corruption.

Although Greece accounts for only about 2 percent of the eurozone’s total economy, its crisis has shaken the euro and led to concern it could destabilize other, much larger economies in the 17-nation bloc. Greece is in its fifth year of recession, with unemployment above 24 percent.

Shortly before Greece’s strike got under way, Prime Minister Antonis Samaras and Finance Minister Yannis Stournaras hammered out a (euro) 11.5 billion ($14.9 billion) package of spending cuts for 2013-14 demanded by the country’s international lenders, along with another (euro) 2 billion in improved tax collection.

The government has struggled to come up with austerity measures acceptable to the country’s creditors, with disagreements arising between the three coalition parties. The next payment of (euro) 31 billion hinges on the further cuts.

Stournaras was briefing the other two party leaders Wednesday, and Samaras was to meet with them Thursday morning. If they agree, the package will be presented to Greece’s debt inspectors.

Wednesday’s strike shut down Greece’s famed Acropolis and halted flights for hours. Ferry services were suspended, schools, shops and gas stations were closed and hospitals functioned on emergency staff.

Government spokesman Simos Kedikoglou said the limited violence and what he called a smaller turnout than opposition parties had hoped for showed that “Greek society understands what the government is doing is the only possible solution.”

————

Pan Pylas in London, Nicholas Paphitis and Derek Gatopoulos in Athens, and Alan Clendenning in Madrid contributed to this report.

Legacy Comments0
There are no comments yet. Be the first!
Post a Comment

You must be registered to comment on stories. Click here to register.