Saturday, October 25th9.1°C
23711

Merkel visits Athens after Greece regains market access, 5,000 police push back protests

ATHENS, Greece - Police banned protests across most of central Athens on Friday as German Chancellor Angela Merkel is due to pay a brief visit, a day after the crisis-hit country returned to international bond markets.

Unions and the left-wing main opposition party, Syriza, are backing protests planned outside the cordon, to be manned by some 5,000 police officers. Merkel has been among the most vocal supporters of the austerity measures that have helped heal Greece's public finances but proved painful for Greeks.

During a visit in 2012, the German chancellor had been greeted by mass anti-austerity protests that turned violent. Security this time was also tightened further after a powerful car bomb exploded early Thursday outside the Bank of Greece, causing damage but no injuries.

Merkel's visit comes as Greece this week reached a milestone in the recovery from its financial crisis — it successfully tapped bond markets for the first time since 2010, raising 3 billion euros ($4.14 billion) in five-year debt.

The country, however, still has far to go to heal its economy, which has shrunk by about a quarter during the crisis, and to reduce unemployment from around 27 per cent.

Syriza leader Alexis Tsipras in a newspaper article criticized the cordon, saying Merkel would not get a sense of the impact of the austerity measures she supported.

"I encourage her to visit a hospital and witness the third world conditions ... or a school where teachers try to cope with underfed children," he wrote.

During visit her Friday, lasting only several hours, Merkel plans to meet fellow conservative Prime Minister Antonis Samaras, who is facing opposition demands to hold early elections along with next month's vote for the European Parliament.

The Canadian Press


Read more Business News

23015


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 





FEATURED Property
1799753522 - 3880 Truswell Road, Kelowna, bC
3 bedrooms 4 baths
$775,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


23741