Protestors clash with police in Athens over spending cuts

  • Greek police fired tear gas to disperse protestors throwing petrol bombs near parliament in Athens on Wednesday.

    Dozens of demonstrators were arrested during the rally against planned spending cuts of $15 billion.

    The protests were the first union-led action since a conservative-led coalition came to power in June.

    The cuts are a pre-condition to Greece receiving its next instalment of bailout funds, without which the country would be bankrupt within weeks.

    Greece requires the next payment of $39.6 billion in order for it to continue servicing its debts. . A default could lead to the country leaving the euro zone.

    Greece was given a $138 billion package in May 2010 followed by a further $163 billion package in October 2011 as well as a $126 billion debt write-off.