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Greek PM Papademos gives his last warning
Shanghai News.Net
Saturday 11th February, 2012
The Greek prime minister has told his people that measures to stay within the eurozone must go ahead immediately.
Lucas Papademos has warned the nation that austerity measures must be taken in order to prevent a total collapse in living standards.
The unpopular austerity bill still has to be passed in parliament in order to satisfy requirements by the eurozone and IMF for a 130 billion euro bailout package.
While some MPs from the major parties are expected to vote against the bill, Mr Papademos, speaking in a TV address, said Greece was "just a breath away from Ground Zero".
Riot police have been stationed throughout Athens this weekend due to demonstrations.
Greeks clashed with police in Athens on Saturday as unions began a 48-hour strike.
Police hurled tear gas shells to disperse the belligerent crowds. There were reports of minor injuries on both sides.
The austerity cuts include: 15,000 public-sector job cuts, the liberalisation of labour laws, the lowering the minimum wage by 20%.
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