Dublin protesters march against cuts as bail-out looms
Baku, November 27 (AZERTAC). Tens of thousands of people have marched through Dublin in protest at the government`s austerity programme.
Protest leaders said it was the first of many demonstrations over plans to raise taxes and cut public spending.
The austerity programme is designed to cut the Irish Republic`s massive government deficit, exacerbated by the rescue of the country`s banks.
The march came as officials met to hammer out the final details of a financial bail-out for the country.
The EU and the IMF are set to lend the country more than 85bn euros ($113bn; £72bn), with the terms of the deal expected to be announced on Sunday ahead of the markets re-opening on Monday.
State broadcaster RTE has reported that the interest rate to be paid on part of the loan could be as much as 6.7%, higher than the rate charged to Greece for its bail-out, which has raised concerns from opposition parties.
The austerity package, announced on Wednesday by Prime Minister Brian Cowen, includes proposals to cut the minimum wage, slash the number of public sector jobs and increase taxes in order to save 15bn euros over the next four years.
`No support`
Organisers said more than 100,000 people took part in Saturday`s protest, while the Irish police (Gardai) estimated that "in the region of 50,000" people marched to Dublin`s General Post Office, site of the nationalist uprising against British rule in 1916.
Tens of thousands of people have marched through Dublin in protest at the government`s austerity programme.
Protest leaders said it was the first of many demonstrations over plans to raise taxes and cut public spending.
The austerity programme is designed to cut the Irish Republic`s massive government deficit, exacerbated by the rescue of the country`s banks.
The march came as officials met to hammer out the final details of a financial bail-out for the country.
The EU and the IMF are set to lend the country more than 85bn euros ($113bn; £72bn), with the terms of the deal expected to be announced on Sunday ahead of the markets re-opening on Monday.
State broadcaster RTE has reported that the interest rate to be paid on part of the loan could be as much as 6.7%, higher than the rate charged to Greece for its bail-out, which has raised concerns from opposition parties.
The austerity package, announced on Wednesday by Prime Minister Brian Cowen, includes proposals to cut the minimum wage, slash the number of public sector jobs and increase taxes in order to save 15bn euros over the next four years.
`No support`
Organisers said more than 100,000 people took part in Saturday`s protest, while the Irish police (Gardai) estimated that "in the region of 50,000" people marched to Dublin`s General Post Office, site of the nationalist uprising against British rule in 1916.
Other news in this section
