Summary Box: Greek civil servants walk off job

AP News
Posted: Dec 15, 2011 11:57 AM
Summary Box: Greek civil servants walk off job

NEW STRIKES: Greek civil servants walked off the job for three hours on Thursday to protest austerity measures that include pension and salary cuts and the suspension of tens of thousands of workers on partial pay.

THE BACKDROP: The IMF and eurozone countries have been propping up Greece's economy with euro110 billion ($143 billion) in rescue loans since May 2010. In return, the country has imposed harsh austerity measures including slashing pensions and salaries and raising taxes that have driven the country into recession.

NEW LOANS: The protests come as Greece is negotiating the terms of a second rescue package worth euro130 billion with the eurozone and private bondholders.