Violent protests in Greece have added to tensions over the debt crisis affecting Europe.
Tens of thousands of people marched in Athens Wednesday to protest the government's latest proposal for buget cuts. The deep spending cuts have been demanded by the nation's creditors.
Many government workers and Union activists protest the measures including the plan to cut down the 30,000 government jobs. Greece also want to cut down the wages for government workers and increase taxes.
Socialist Prime Minister has struggled to win the support from his own party to pass the unpopular legislation. And public anger has been widespread. The two largest labor unions have called for a strike on October 19th.
This week, the Greenk government announced that it would not meet the deficit targets it had promised to lenders. This increased the doubts that Greece will be able to pay the debt and it has many European bankers worried. Many European banks hold the Greek securities.
Finance Ministers from contries using the euro met in Luxemburg ealier this week. They discussed the issues including the Greek debt crisis. The European Union Monetary Affairs commissioner said it is important to examine the measures that Greece has be in place.
