BBC News reports:
Greece is “on the brink of the abyss”, President Karolos Papoulias has warned, after three people died during protests over planned austerity measures. “We are all responsible so that it does not take the step into the void,” the president said in a statement.
It followed a day of violence during which protesters set fire to a bank, killing three employees. Greece’s government has vowed to pursue the spending cuts — a condition of its 110bn euro ($142bn; £95bn) bail-out.
“We are prepared to pay the heavy political cost,” Finance Minister George Papaconstantinou told parliament during Wednesday’s debate on the bill. “We will not take a single step backwards.”
The euro hit a fresh 13-month low against the dollar and European stock markets were also hit, amid concerns over Greek bail-out plans. There are also fears Greece’s debt crisis could spread to other countries.
Read More: BBC News
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