Thursday, May 6, 2010

Greek Protests of Austerity Plan Leave 3 Dead (Update2)

http://www.bloomberg.com/apps/news?pid=20601087&sid=avSGW7ZQxfNU&pos=8

The violence escalated as small groups of self-styled anarchists, many with their heads wrapped in black scarves, broke off from the main demonstration and started attacking buildings and starting fires. Police, who had 1,700 officers on duty in Athens, arrested four people.

“The demonstrations in Athens are another factor that must be scaring off, turning the mood of credit markets even more against Athens,” Nobel prize-winning economist Edmund Phelps said in an interview on Bloomberg Television before the violence broke out.

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