BREAKING NEWS

Now Reading:

Greek local authorities protest at Athens' cash grab


economy

Greek local authorities protest at Athens' cash grab

Mayors and local authority trades unionists from municipalities all over Greece have converged in Athens to protest at the government’s ordering them to transfer local authority cash reserves to the Bank of Greece.

Some were unhappy that the measure was put in place by executive decree and was not subject to consultation or a vote.

“All Greeks, all mayors and all municipalities should help the Prime Minister to reach this vital deal with the country’s lenders, but Greece has been feeding on its own flesh for a long time now and not many pieces are left,” said the Mayor of Marathon Elias Psinakis.

A delegation met with political leaders inside the parliament, but while there may be some room for bargaining, any delay may be costly for Greece.

“The Greek government’s decision to transfer the local authority cash reserves to the Bank of Greece has infuriated many mayors and local authority workers who now threaten long-term strike action. But with so little money left in the public coffers, this decision seemed to be inevitable,” says euronews’ Stamatis Giannisis.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article

economy

Unicredit and Santander merge asset management businesses