Greece deploys 4k police in Thessaloniki

Greek workers hold a demonstration in Athens to protest against massive layoffs in the public sector. (file photo)

Greece has deployed 4,000 police ahead of the planned union protests in the northern port city of Thessaloniki, where Greek Prime Minister Antonis Samaras will deliver his annual speech on the economy.

During his Saturday speech, Samaras is expected to focus on a continued austerity program and the need for the full and quick implementation of structural reforms aimed at reducing the deficit.

The Greek trade unions are planning demonstrations against a governmentâ„¢s plans to carry out mass firings of civil servants.

By the end of 2013, some 25,000 civil servants must be redeployed and an additional 4,000 fired under the terms of the recent bailout package between the government and its international creditors, which will grant the country 6.8 billion euros ($8.7 billion) in rescue loans.

Athens has been dependent on bailout funds from international rescue loans approved by the troika of international creditors, including the European Central Bank, the International Monetary Fund and the European Commission since May 2010.

Meanwhile, inspectors from the international troika of lenders are scheduled to visit Athens in September to determine whether the Greek government can generate the revenue required to meet its 2015-2016 budget targets.

Greece would be eligible for another one billion euros in October if Athens meets the requirements given by the troika.

The Greek economy is in its sixth year of recession due to fiscal mismanagement resulting in tax rises and spending cuts.

Greeceâ„¢s jobless rate stands at over 27 percent, which is more than double the eurozoneâ„¢s average reading of 12.1 percent, reflecting a deepening recession after years of austerity being imposed under the EU bailout plan.


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Republished from: Press TV