NEWS

Greek leftists to protest bailout deal in Athens

greek-leftists-to-protest-bailout-deal-in-athens

Greece's small left-wing anti-capitalist Antarsya party is calling for a demonstration Monday night outside Parliament in Athens against Greeces new bailout.

The party says "the hours are critical" for those who favor left-wing policies.

After months of acrimony, Greece finally clinched a bailout agreement with its European creditors on Monday that will secure the country's place in the euro and avoid financial collapse. The terms, however, will be painful for Greeks.

Before it can get 85 billion euros ($95.1 billion) in bailout cash and support for its banks to reopen, the Greek government will have to pass a raft of austerity measures that include sales tax increases and pension and labor reforms.

[AP]