Bonds News

FACTBOX-Financial crisis sparks unrest in Europe

June 18 (Reuters) - Several thousand people protested on Thursday against Latvian budget cuts needed to win more international loans.

Here are details on some major protests over the effects of the global financial crisis:

LATVIA -- The peaceful demonstration was attended by mostly middle-aged and elderly people, reflecting how hard teachers and pensioners have been hit by the cuts, which the government says are needed to save the country from bankruptcy. The president and prime minister also said they apologised for the pain due to 500 million lats ($999.6 million) of cuts in 2009, including reductions in state salaries and in pensions. [ID:nLI328146]


BOSNIA -- Thousands of veterans of Bosnia’s 1992-95 war protested in Sarajevo over government plans to cut welfare payments in order to secure a loan from the International Monetary Fund. BRITAIN -- British police clashed with up to 4,000 protesters outside the Bank of England in London’s financial centre on April 1 during a day of demonstrations against the G20 summit. [ID:nL1545444]

BULGARIA -- Thousands of workers rallied in central Sofia on June 16 to protest against the Socialist-led government’s failure to protect jobs and its credit-fuelled economic boom from the global financial crisis. Between 2,000 and 3,000 teachers, farmers, miners, hauliers and others led by Bulgaria’s largest trade union CITUB, gathered in front of the Prime Minister Sergei Stanishev’s office. [ID:nLG804872]

CZECH REPUBLIC -- More than 20,000 unionists from the Czech Republic and other EU member states demonstrated for worker rights in Prague on May 16. [ID:nLG44443]

FRANCE -- On March 28 in Paris, a few hundred demonstrators protested under the slogan “We will not pay for their crisis”.

GERMANY -- About 15,000 people marched through Berlin on March 28 with black-clad protesters throwing rocks and bottles at police. Police said several arrests were made. Up to 14,000 assembled in Germany’s financial capital Frankfurt. [ID:nLS437124]

GREECE -- Flights to and from Greece were grounded for several hours on May 14 after air-traffic controllers joined a nationwide 24-hour public sector strike to protest against the government’s response to the financial crisis.

-- The strike was the latest in a series of protests following the police shooting of a teenager in December sparked the country’s worst riots in decades, fuelled by public discontent over a sharp economic slowdown.

HUNGARY -- Hungarian trade unions held their biggest demonstration on April 18. Railway trade unions held a one-day strike against the government measures on May 8.

RUSSIA - About 600 people from Pikalyovo, a town of 23,000 people in northern Russia, blocked the motorway between St Petersburg and Vologda, a witness told Reuters by telephone.

-- Residents demand Russia’s leaders intervene after factories cut wages and sack workers as the financial crisis hammers prices for cement and alumina, the town’s main products. [ID:nL2642787]

SERBIA - Thousands of workers protested in Belgrade on April 29 against austerity measures in the biggest demonstration in the former Yugoslavia since the world financial crisis hit.

-- About 10,000 members of Serbia’s largest union, the Alliance of Independent Trade Unions, assembled in Belgrade from all over Serbia. [ID:nVAS948237] (Writing by David Cutler, London Editorial Reference Unit)