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New waves of Greek workers walked off their jobs Thursday in a heightened
protest of the government's effort to impose austerity measures to satisfy
international creditors.
Public transportation ground to a halt in Athens, while power company
workers sought to block their employer from collecting a new property tax and
lawyers refused to appear in court. The electric workers said the power company
should not be used as a tax collector, with customers threatened with a power
cutoff if they don't pay the tax.
The protests in Greece came as European officials voiced new worries about
the effects of the continent's governmental debt crisis. It has roiled
international stock markets for weeks, with share values falling again Thursday
on London, Paris and Frankfurt exchanges.
The French finance ministry said banks heavily exposed to Greek debt might
have to take losses of more than the 21 percent that was proposed in a July
agreement calling for a second bailout for the Athens government. Some officials
are suggesting that the banks' losses on Greek securities could reach 50
percent. |
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