video Business
Greek riots hurt business
Monday, February 13, 2012 - 02:17
Feb. 13 - After a night of rioting, small businesses and unions warn of further consequences for the economy, including closures and strikes. Joanne Nicholson reports.
▲ Hide Transcript
▶ View Transcript
Just when they thought it couldn't get any worse, Greek shopkeepers are now dealing with the cost of cleaning up after a night of riots. After Parliament voted in favour of the stringent austerity measures to try and ensure another bailout from the EU, many took to the streets, and caused this. Many fear the cuts combined with the cost of repairs could sink some small businesses. George Monedas owns this clothing shop: (SOUNDBITE)(Greek) GEORGE MONEDAS, 47, CLOTHING SHOP OWNER SAYING: "We came in the middle of the night, everything was burned, nothing has escaped, and now we have to go through the process of putting up bars and rebuilding everything while at the same time trying to keep the staff on, which means battling all over again." The National Confederation of Greek Commerce assessed the economic damage. Vassilis Korkidis is it's President.: (SOUNDBITE)(English) KORKIDIS SAYING: "The state was not prepared and was not adequate to prevent all these damages, fires, and vandalism, that we saw last night in Athens. Unfortunately 40 to 45 stores were partly or completely destroyed, and that means that they will not re-open, so all these people that was working in these shops they lost their jobs in one night." With 15,000 public sector jobs due to be axed, a reduced minimum wage and a steep cut in pensions, Greece's unions are also warning of more strikes. The Confederation of Civil Servants says the new austerity measures will destroy growth and drive people further into poverty. It plans to join forces with the private sector says its vice president Antonis Antonakos. (SOUNDBITE) (Greek) VICE PRESIDENT OF ADEDY ANTONIS ANTONAKOS SAYING: "We understand the desperation of the people. We live this desperation and share it with them, and we understand and share the rage being expressed in the squares and the streets. But often there is silent rage too and if that snaps it will poison everything." But the Greek government must implement the cuts if it's to get a vital bailout. Businesses may be heading for bankruptcy but without the cash so too is the country. Joanne Nicholson, Reuters
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Greek riots hurt business
Monday, February 13, 2012 - 02:17
Top News »
5:54pm GMT - (1:03)
5:06pm GMT - (1:45)
4:26pm GMT - (1:59)
3:49pm GMT - (0:59)
7:19am GMT - (1:56)
Thu, 14 Feb, 2019 - (1:43)
Thu, 14 Feb, 2019 - (0:59)
Thu, 14 Feb, 2019 - (0:40)
Thu, 14 Feb, 2019 - (1:27)
Thu, 14 Feb, 2019 - (1:56)
Thu, 14 Feb, 2019 - (1:15)
Thu, 14 Feb, 2019 - (1:47)
Editors' Picks »
Thu, 14 Feb, 2019 - (2:50)
Thu, 14 Feb, 2019 - (1:24)
Thu, 14 Feb, 2019 - (1:58)
Wed, 13 Feb, 2019 - (1:40)
Wed, 13 Feb, 2019 - (1:40)
Tue, 12 Feb, 2019 - (1:48)
Tue, 12 Feb, 2019 - (1:38)
Featured Videos
Living dangerously, one foot at a time, in 'Free Solo'
Climber Alex Honnold's death-defying ascent of El Capitan in California's Yosemite National Park is taking him to the Oscars, where a film about his feat will compete for the movie world's highest honour
The elusive black panther is spotted in Kenya
Images of a rare African black leopard - known as panthers - have been captured in Kenya, the first verifiable record of the animal for nearly 100 years
Meghan being harassed just like Diana - George Clooney
The media are harassing Meghan Markle just as they did Princess Diana, who was killed in a car crash while being pursued by paparazzi, her friend George Clooney says
Palm oil's PR battle turns to satellite imagery
Companies including Nestle, Unilever, and Ferrero are increasing the use of satellite imagery programs to monitor their palm oil supply chains. Critics say it may boost a corporation's green credentials, but does little to stop mass deforestation
VR app brings South Africa's fossils to your phone
Excavation sites at the famous Cradle of Humankind can now be explored by visitors using a free mobile virtual reality app
Technology »
6:42pm GMT - (1:20)
6:40pm GMT - (1:13)
Tue, 12 Feb, 2019 - (1:22)
Tue, 12 Feb, 2019 - (1:39)
Mon, 11 Feb, 2019 - (1:32)
Fri, 08 Feb, 2019 - (2:05)
Thu, 07 Feb, 2019 - (1:38)
Wed, 06 Feb, 2019 - (1:27)
Tue, 05 Feb, 2019 - (1:37)
Tue, 05 Feb, 2019 - (1:43)
Entertainment »
12:18pm GMT - (2:20)
11:03am GMT - (2:04)
2:45am GMT - (2:00)
Thu, 14 Feb, 2019 - (0:42)
Thu, 14 Feb, 2019 - (2:19)
Thu, 14 Feb, 2019 - (1:23)
Thu, 14 Feb, 2019 - (0:47)
Wed, 13 Feb, 2019 - (0:52)
Wed, 13 Feb, 2019 - (0:50)
Wed, 13 Feb, 2019 - (0:46)
Wed, 13 Feb, 2019 - (1:40)
Wed, 13 Feb, 2019 - (1:23)
Sports And Leisure »
Thu, 14 Feb, 2019 - (1:27)
Thu, 14 Feb, 2019 - (0:45)
Thu, 14 Feb, 2019 - (1:01)
Wed, 13 Feb, 2019 - (1:32)
Wed, 13 Feb, 2019 - (1:00)
Wed, 13 Feb, 2019 - (0:50)
Tue, 12 Feb, 2019 - (1:19)
Mon, 11 Feb, 2019 - (1:25)
Mon, 11 Feb, 2019 - (1:20)
Mon, 11 Feb, 2019 - (0:43)
Oddly Enough »
7:18am GMT - (0:42)
12:41am GMT - (1:36)
Thu, 14 Feb, 2019 - (1:01)
Thu, 14 Feb, 2019 - (0:59)
Thu, 14 Feb, 2019 - (1:34)
Wed, 13 Feb, 2019 - (0:49)
Tue, 12 Feb, 2019 - (0:40)
Mon, 11 Feb, 2019 - (2:19)