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One man has died in the Athens protests

Thursday 8pm: One man has died in hospital after violent clashes between communists and anarchists marred the second day of a massive 48-hour strike, ahead of this evening's parliamentary vote on a raft of new austerity measures. Thursday 4pm: Protests in Athens - The crowd continues to swell in Syntagma Square and around the rest of central Athens as tension mounts. Occasional spats have occurred not only between protestors and police but also between protesters and believed agitators who are looking to stir up the crowd to incite violence and rioting. Fire barricades block some roads and many a rubbish bin are also ablaze however the majority of protesters currently are undertaking a mainly peaceful demonstration. One death has believed to have occurred when a man fell from a height. This is believed to be the only casualty so far although 16 people have been taken to hospital. On Wednesday it was estimated 80,000 to 100,000 people turned out to protest against the governments austerity measures which were being put to the vote inside the parliament building last night and today. Protesters have come from all walks of life, desperate to make their voice heard during these bleak times for Greece. It is understood that the green light for the 6th tranche of funds has been given which may well result in increased activity in the City.
Today's report from the European Commission state that they are concerned about the level of Greek debt and believe that it will remain high for many years to come. They also highlighted that recession will be worse than initially predicted at 5.5% for this year and 2.8% for 2012.

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Thursday, October 20, 2011