Didim Today

The Greek parliament has approved new spending cuts and taxes aimed at defusing the country’s debt crisis, while protesters opposed to the measures fought with police outside. Prime Minister George Papandreou headed abroad to seek European leaders’ support for his efforts.

Riot police used tear gas and baton charges to disperse rioters who chased the ceremonial guards in 19th-century kilts and tasseled garters away from the Tomb of the Unknown Soldier outside the parliament, while a top trade union leader was roughed up by left-wing protesters Friday. It was the biggest outburst of violence since Greece’s debt crisis escalated late last year. Police say they arrested 5 people, and seven officers were injured.

That’s the storm warning blaring through Europe, as the heavily burdened country looks to Germany and France for rescue as it wobbles toward the financial rocks.

Although fears eased Wednesday as Greece pledged $6.5 billion (U.S.) in pay cuts and tax hikes to reduce its deficit, it will need to borrow the same amount from bond markets within the week to weather the crisis.

With some $27 billion in debt due to be repaid by May, Greece’s relations with its euro-zone neighbours have never been more crucial nor the solidarity of the European Union countries that fear being dragged down by a free-falling neighbour if Athens defaults. However we hope that our neighbour will pass true this hard time soon.

Well holidays in Greece will not be same as usuall, travellers and holidays makers should take extra security due debt crisis because looks like going to increase violence in Greece. Also some news agent reported that Greek Islands might be out for sale soon which Germany, France and some other EU countries will be waiting ready to get one.