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Monday, May 28, 2012 9:16 AM UTC

Greek journalists on strike to protest pay cuts

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Topics: From the Wires,

ATHENS, Greece (AP) — Journalists in crisis-hit Greece have gone on strike to protest pay cuts, rising unemployment, and to press for the signing of new collective wage contracts.

The 24-hour strike stopped all TV and radio news broadcasts Monday, while most internet news portals were not updating their content. No newspapers will be published Tuesday.

Greece has been caught in an acute financial crisis for the past two-and-a-half years, and is being kept solvent by international rescue loans. In return for these bailouts, the recession-bound country implemented hugely unpopular income cuts and repeatedly hiked taxes.

Resentment for the cutbacks drove voters away from mainstream parties in May 6 national elections, which resulted in a hung parliament.

New elections will be held June 17, with pro-bailout and anti-austerity parties fighting neck-to-neck.

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