5 May 2010

Greek protesters storm the Acropolis

In a dramatic escalation of the anger unleashed by the economic crisis engulfing Greece, communist protesters stormed the Acropolis todayas the euro and world markets plunged on concerns about the debt-choked country's huge bailout from the EU and the IMF.

Protests-Greece

Irate trade unionists took over Athens' ancient landmark as fury over an unprecedented package of austerity measures, agreed in return for a multibillion euro aid package from eurozone nations and the IMF, intensified.

By the break of dawn the citadel's ramparts had been draped with banners proclaiming: "Peoples of Europe rise up."

Fears that the Greek crisis will spread to other countries sent markets reeling around the world today. The FTSE 100 in London closed down 142 points and, in New York, American markets fell by more than 2% as investors worried that a failure to push through austerity measures in Greece will lead to a spiralling loss of confidence in other indebted countries

The Guardian