video Finance Videos
Greek farmers clash with police during protest
Wednesday, March 08, 2017 - 01:45
Clashes have erupted in central Athens between farmers and police during a protest over pension and tax reforms. As Sonia Legg reports, there are fears the crisis over the bailout is also re-igniting.
▲ Hide Transcript
▶ View Transcript
They'd come a long way to make their point. Their farms in Crete a different world to the streets of Athens. More than a 1,000 farmers demonstrated about the austerity measures demanded by Greece's lenders - low prices and the removal of tax breaks on fuel and fertilizer, among their complaints. (SOUNDBITE) (Greek) CRETAN FARMER YIANNIS KLIRONOMOU, SAYING: "They must change the tax and pension reforms, in order to give incentives to the sector so we can work. They don't want us to work, they want to kill us off, and take us out of Europe." (SOUNDBITE) (Greek) PRESIDENT OF A LOCAL CRETAN FARMERS ASSOCIATION, MANOLIS ORFANOUDAKIS, SAYING: "In one word? Catastrophe, it's a catastrophe, production costs are so ridiculously high we can't produce anything for a price consumers can afford." Tempers quickly flared and the police moved in. Many protestors want the government out - blaming them for their hardship after agreeing to a multi-million euro bailout. The latest instalment of the 86 billion euro loan still hasn't been released, reviving fears of another debt crisis. (SOUNDBITE) (English) SEVEN INVESTMENT MANAGEMENT, HEAD OF CORPORATE DEVELOPMENT, JUSTIN URQUHART-STEWART, SAYING: "You're not going to be able to cancel the debt because otherwise everyone else will put their hands up and say what about us, so the real issue is to reschedule that debt so a 20-year debt becomes a 100 years, 120 years - that would be a logical thing to do." That's one idea - an entirely new approach is another. (SOUNDBITE) (English) SEVEN INVESTMENT MANAGEMENT, HEAD OF CORPORATE DEVELOPMENT, JUSTIN URQUHART-STEWART, SAYING: "Something more imaginative of course which has been tried elsewhere, years ago in Belgium and also South Africa, would be to actually split the currency, so still maintain the euro but default to a domestic currency maybe called something imaginative like the - I don't know - the drachma! That would allow this economy to start to grow." That's what these farmers want to do. They protest instead because they say pension payments are killing them too - one farmer saying his income has been cut by 75 percent.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Greek farmers clash with police during protest
Wednesday, March 08, 2017 - 01:45
Top News »
4:31pm EST - (1:48)
3:11pm EST - (1:00)
3:11pm EST - (0:30)
2:20pm EST - (1:55)
2:16pm EST - (1:01)
8:38am EST - (1:23)
8:00am EST - (2:19)
12:38am EST - (1:29)
Tue, Feb 19, 2019 - (0:46)
Tue, Feb 19, 2019 - (1:00)
Tue, Feb 19, 2019 - (1:28)
Tue, Feb 19, 2019 - (0:55)
Migrant Crisis »
Thu, Nov 15, 2018 - (2:23)
Thu, Nov 15, 2018 - (1:26)
Fri, Mar 16, 2018 - (0:50)
Fri, Dec 22, 2017 - (1:52)
Fri, Dec 22, 2017 - (1:07)
Fri, Dec 22, 2017 - (1:37)
Editors' Picks »
8:37am EST - (1:34)
2:28am EST - (1:13)
Tue, Feb 19, 2019 - (1:31)
Mon, Feb 18, 2019 - (1:52)
Fri, Feb 15, 2019 - (1:55)
Thu, Feb 14, 2019 - (2:50)
Thu, Feb 14, 2019 - (2:00)
Thu, Feb 14, 2019 - (1:24)
Thu, Feb 14, 2019 - (1:58)
Thu, Feb 14, 2019 - (1:15)
Politics »
8:30am EST - (1:23)
Tue, Feb 19, 2019 - (1:49)
Tue, Feb 19, 2019 - (1:00)
Tue, Feb 19, 2019 - (0:55)
Tue, Feb 19, 2019 - (2:13)
Tue, Feb 19, 2019 - (1:29)
Tue, Feb 19, 2019 - (0:21)
Mon, Feb 18, 2019 - (1:50)
Mon, Feb 18, 2019 - (2:15)
Mon, Feb 18, 2019 - (1:19)
Mon, Feb 18, 2019 - (1:28)
Mon, Feb 18, 2019 - (0:21)
Innovations »
12:00pm EST - (1:13)
10:58am EST - (2:06)
6:29am EST - (1:42)
Tue, Feb 19, 2019 - (1:53)
Mon, Feb 18, 2019 - (1:34)
Fri, Feb 15, 2019 - (1:20)
Fri, Feb 15, 2019 - (1:13)
Thu, Feb 14, 2019 - (1:23)
Thu, Feb 14, 2019 - (1:21)
Thu, Feb 14, 2019 - (1:57)
Entertainment »
1:42pm EST - (1:07)
7:16am EST - (1:09)
1:17am EST - (1:08)
Tue, Feb 19, 2019 - (1:45)
Tue, Feb 19, 2019 - (2:19)
Mon, Feb 18, 2019 - (2:21)
Mon, Feb 18, 2019 - (2:19)
Mon, Feb 18, 2019 - (1:50)
Sun, Feb 17, 2019 - (1:49)
Sun, Feb 17, 2019 - (2:23)
Rough Cuts »
3:04pm EST - (1:00)
2:40pm EST - (0:30)
2:18pm EST - (1:55)
6:29am EST - (0:54)
Tue, Feb 19, 2019 - (1:00)
Tue, Feb 19, 2019 - (0:55)
Tue, Feb 19, 2019 - (1:00)
Tue, Feb 19, 2019 - (2:13)
Tue, Feb 19, 2019 - (0:21)
Tue, Feb 19, 2019 - (0:46)
Mon, Feb 18, 2019 - (2:21)
Mon, Feb 18, 2019 - (1:50)
Moving Pictures »
Fri, Feb 01, 2019 - (2:27)
Wed, Jan 02, 2019 - (2:29)
Mon, Dec 17, 2018 - (2:17)
Fri, Nov 30, 2018 - (2:45)
Thu, Nov 22, 2018 - (2:41)
Mon, Oct 01, 2018 - (2:30)
Fri, Aug 31, 2018 - (2:23)
Tue, Jul 31, 2018 - (1:44)
Fri, Jun 29, 2018 - (2:05)
Fri, Jun 01, 2018 - (2:38)
Reuters Investigates »
Wed, Oct 11, 2017 - (10:18)
Wed, Aug 23, 2017 - (6:44)
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Dateline Asia »
Mon, Feb 18, 2019 - (1:05)