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Greece

Greece Shuts Down in a New Round of Protests

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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November 12, 2015, 2:53 PM ET
Greek Unions Hold A 24 Hour General Strike Against Austerity Measures
ATHENS, GREECE - NOVEMBER 12: Protestors shouts slogans against the government during a 24-hour nationwide general strike on November 12, 2015 in Athens, Greece. This is the first general strike since the country's Syriza-Led Government came to power. (Photo by Milos Bicanski/Getty Images)Photograph by Milos Bicanski — Getty Images
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Striking Greeks took to the streets on Thursday to protest austerity measures, setting Alexis Tsipras’ government its biggest domestic challenge since he was reelected in September promising to cushion the impact of economic hardship.

Flights were grounded, hospitals ran on skeleton staff, ships were docked at port and public offices stayed shut across the country in the first nationwide walkout called by Greece‘s largest private and public sector unions in a year.

As Greece‘s foreign lenders prepared to meet in central Athens to review compliance with its latest bailout, thousands marched in protest at the relentless round of tax hikes and pension cutbacks that the rescue packages have entailed.

Tensions briefly boiled over in the city’s main Syntagma Square, where a Reuters witness saw riot police fire tear gas at dozens of black-clad youths who broke off from the march to hurl petrol bombs and stones and smash shop windows near parliament.

Some bombs struck the frontage of the Greek central bank.

Police sources said three people were detained before order was restored.

Five years of austerity since the first bailout was signed in 2010 have sapped economic activity and left about a quarter of the population out of work.

“My salary is not enough to cover even my basic needs. My students are starving,” said Dimitris Nomikos, 52, a protesting teacher, to Reuters.

“They are destroying the social security system … I don’t know if we will ever see our pensions.”

Tsipras came to power in January promising to end the austerity. He then accepted the unpopular terms of Greece‘s third bailout when faced with the prospect of an exit from the euro zone.

Illustrating the political juggling act the prime minister is trying to pull off, his own Syriza party came out in support of Thursday’s strike, saying industrial action strengthened the government’s hand in talks with lenders.

The bailout review talks with the EU and IMF inspectors resumed on Wednesday.

Government spokeswoman Olga Gerovasili denied suggestions that leftist Syriza, which fought against austerity when it was in opposition, was trying to play both sides in supporting the anti-austerity strike.

The party has said it will implement its side of the bargain with lenders, but has long maintained that the bailout terms are excessively harsh.

“We are implementing an agreement which includes [bailout] measures which are unfair,” Gerovasili said.

But Syriza’s dilemma cut little ice with some of the thousands of protesters who converged on the city’s main Syntagma Square.

“It’s a tactic of Syriza to disorientate the people from targeting the party,” said Ilias Leggeris, 63, a retired bank worker.

Some demonstrators held pink balloons with “The Promises of Alexis” written on them, suggesting his words were empty. Municipal workers in the crowd wore florescent vests with a “not for sale” sign stamped on their backs.

A group of musicians added a surreal touch with a rendition of the 50s classic “Rock Around the Clock” as they marched through the square.

“I cannot take any more,” said Irini Kasidokosta, 72, a retired teacher who has seen her pension cut by 50 percent over six years.

She directed her anger against both Tsipras and the lenders. “I wish Tsipras had done what he promised [to overturn austerity] but they didn’t let him,” she said. “Now we have turned into beggars for a plate of food.”

Visiting tourists were disappointed to find monuments shut.

“We didn’t really know that there was going to be a strike, we just kind of arrived and we planned for this one day in Athens and we kind of wanted to see that thing [the Parthenon],” one tourist from Alaska said.

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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