Greeks announce walk out

  • 14/07/2015
Greeks announce walk out

Greek civil service workers have announced a 24-hour strike on Wednesday (local time) amid furious reaction from Greek residents to the latest bailout agreement.

Greeks have taken to social media to share their anger with the hashtag #ThisIsACoup trending on Twitter.

The bailout comes after 17 hour talks which stretched overnight where a source claims Prime Minister Alexis Tsipras was "crucified".

The deal involves increasing taxes, pension reforms, making the Greek statistics office independent and automatic spending cuts in case Greece misses primary surplus targets – all of which must be legislated by Wednesday. Greece also has to commit to overhauling the justice system and implementing European Union rules on handling bank failures by July 22.

These are noticeably tougher reforms than those Greece overwhelmingly rejected in a referendum earlier this month.

If it's rejected, there will be no bailout and Greece could be forced out of the Eurozone and potentially the European Union.

Mr Tsipras was elected on an anti-austerity platform and is being accused of caving to Germany's austerity measures.

Greeks are accusing him of condemning the country to 'misery, humiliation and slavery' with many believing Greece would have been better off leaving the Eurozone than living with the new measures.

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