Saturday, July 26th11.6°C
21452
22412

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

22563


Recent Trending




Today's Market
S&P TSX15455.04+60.59
S&P CDNX1017.445.79
DJIA16960.57-123.23
Nasdaq4449.564-22.543
S&P 5001978.34-9.64
CDN Dollar0.9247+0.0002
Gold1294.80+4.2001
Oil104.30-0.29
Lumber326.00+0.20
Natural Gas3.783-0.064

 
Okanagan Companies
Pacific Safety0.185-0.015
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07-0.01
Anavex Life Sciences0.275-0.005
Metalex Ventures0.08+0.01
Russel Metals35.36-0.21
Copper Mountain Mining2.820.00
Colorado Resources0.21+0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.19+0.01

 



21411

FEATURED Property
1927239227-4205 Gellatly Road
2 bedrooms 2 baths
$465,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Labour shortage in BC

The mainstream media are finally waking up to something unusual in British Columbia – a labour shortage. If the experience of Alberta is a guide to our own future, the highly skilled labour will...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22461