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Greeks Clean Up a Smoldering Athens

But stock market responding positively in early trading

By Mary Papenfuss,  Newser Staff

Posted Feb 13, 2012 12:56 AM CST | Updated Feb 13, 2012 4:03 AM CST

(Newser) – Skirmishes between police and protesters continued in Athens today, and buildings smoldered in the wake of Greece's vote on harsh new austerity measures. As many as 45 buildings have been torched and countless shops looted in the worst Greek rioting in years as 100,000 demonstrators took to the streets ahead of the vote, reports AP. Some 120 people have been injured in clashes in Athens and at least six other cities, reports Reuters. Prime Minister Lucas Papademos appealed for calm, warning that Greek cannot weather riots "at these crucial times. Vandalism and destruction have no place in a democracy and will not be tolerated," he added.

Historic buildings, banks, movie theaters and shops have been severely damaged. "I've had it! There's no point in living in this country any more," said a distraught shop owner. Greek lawmakers voted 199-74 for the new measures, which will ax one in five civil service jobs, and slash the minimum wage by more than a fifth. The vote is part of a second financial rescue package for the nation worth some $170 billion that will be combined with a huge bond swap deal to write off half of Greece's privately held debt. One arena pleased with the vote is the stock market. Stocks were up in early trading, notes Bloomberg.

A firefighter extinguishes one of the capital's oldest restored cinemas in central Athens on Monday Feb. 13, 2012.
A firefighter extinguishes one of the capital's oldest restored cinemas in central Athens on Monday Feb. 13, 2012.   (AP Photo/Petros Giannakouris)
A man looks at a burned Eurobank branch in central Athens on February 13, 2012.
A man looks at a burned Eurobank branch in central Athens on February 13, 2012.   (Getty Images)
A woman walks past a destroyed building in central Athens on Monday Feb. 13, 2012.
A woman walks past a destroyed building in central Athens on Monday Feb. 13, 2012.   (AP Photo/Petros Giannakouris)
A man exits from the entrance of a damaged building in central Athens on Monday Feb. 13, 2012.
A man exits from the entrance of a damaged building in central Athens on Monday Feb. 13, 2012.   (AP Photo/Petros Giannakouris)
A woman walks past graffiti which reads everybody in the streets to overthrow the junta of the markets in Athens on Monday Feb. 13, 2012.
A woman walks past graffiti which reads "everybody in the streets to overthrow the junta of the markets" in Athens on Monday Feb. 13, 2012.   (AP Photo/Dimitri Messinis)
A man walks past graffiti which reads rob to gain money  on a wall of the central bank of Greece in Athens on Monday Feb. 13, 2012.
A man walks past graffiti which reads "rob to gain money" on a wall of the central bank of Greece in Athens on Monday Feb. 13, 2012.   (AP Photo/Dimitri Messinis)
A shop owner views the damage tot her shop in Athens on Monday Feb. 13, 2012.
A shop owner views the damage tot her shop in Athens on Monday Feb. 13, 2012.   (AP Photo/Dimitri Messinis)
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COMMENTS
Showing 3 of 5 comments
Outrageous
Feb 13, 2012 10:40 AM CST
Sure, slash the minimum wage so the rich can get richer and the poor get poorer.  It's all ok because the stock market went up.
HMunster
Feb 13, 2012 6:55 AM CST
Yes, when your country is on the brink of destruction it's always a great idea to add to the economic woes, unemployment problems and decrease in tourism by torching historic buildings, movie theaters and shops. Sheer genius...
summerfairy
Feb 13, 2012 5:11 AM CST
Considering that half the country works for the government, one in five seems a rather modest start.
 

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