16 October 2011 - 20:30

A series of strikes have kicked off across Greece as protest rallies continue against the government's economic austerity measures.

(Ahlul Bayt News Agency) - On Monday, a strike by Greek port workers stranded ships and ferries and halted traffic.

Meanwhile, Finance Ministry workers, who have been occupying their offices for over a week, have also announced that they will continue to strike until the end of month.

Even judges have announced 3-hour work stoppages that will continue for an indefinite number of days with rulings only being issued in important cases.

This comes as Greece's two main unions have promised the country's biggest nationwide strike since the financial crisis reared its head two years ago.

The massive strike, planned to be held Wednesday and Thursday, will hit public sector institutions, including tax offices, state schools, airports and banks and disrupt transport as well as food and fuel supplies.

On Thursday, Greece's parliament will decide on a new austerity package demanded by international lenders.

Since last year, the European Union (EU) and the International Monetary Fund (IMF) have extended Greece two rescue packages worth over EUR 269 billion (over USD 380 billion) in return for tough austerity measures.

The measures, which included the cutting of public sector salaries and pensions, increasing taxes and overhauling the pension system, has sparked nationwide protests in Greece.

Athens must persuade both the EU and the IMF that it is carrying out sufficient financial reform. Otherwise, it will not receive the next USD 11 billion of its bail-out loans and it will be bankrupt within weeks.

Greece's public debt equals some 162 percent of its gross domestic product. Unless it obtains international support, the country will run out of money and default on its debt within weeks.

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