Greek PM to Go Ahead with Austerity Plans Amid Protests

On Saturday, George Papandreou, Prime Minister of Greece, attended the 75th Thessalonica International Trade Fair, in the city of Thessaloniki, where he emphasized that the Government is not going to surrender its plans, which have been designed for the reformation of the financial status of the country’s economy.

Nevertheless, he urged the people to understand their significance in making these plans actually effective and ultimately in taking the country out of economic recession.

Although, the Prime Minister did not give any tangible promises of a better future, as he used to do in the past speeches, he confirmed to the crowd that the taxes on the undistributed corporate profits would decrease from the current 24% to 20% only in the year 2011. In addition, he also said that the health insurance funded by the Government might be applied on the unemployed.

He said, "We have given a tough, titanic and constant battle to save the country from bankruptcy for 11 months. That has required hard sacrifices from all Greeks, and it needs to continue".

In order to win the crowd, the Prime Minister stressed the facts that the Government has managed to cover the debts and to maintain an economy that can afford restructuring the once falling pension system and can pay for applying such radical reformations in the labor laws.