World Bulletin / News Desk
Tens of thousands of people marched in six cities around Ireland on Saturday to protest against austerity measures, days after the government struck a vital deal on its bank debt.
Prominent trade unionists and opposition members of parliament marched alongside citizens facing a sixth year of cuts since a financial crisis plunged Ireland's banking system into a debt spiral.
A deal with the European Central Bank allowing Ireland to stretch out the cost of bailing out Anglo Irish Bank did not dampen the turnout for the protests, organized weeks in advance by an umbrella group for Irish trade unions.
For protesters struggling with cuts in living standards, mortgage arrears or unemployment, the deal is scant consolation.
"I've no confidence at all in the deal, it won't make any difference to ordinary people," said Alfie Murray, marching in Dublin with his 8-year-old grandson.
"It's the next generation that'll shoulder the cost," he said.
Police said around 50,000 took part in the demonstrations under the banner "Lift the Burden" in Dublin and other cities, although the Irish Congress of Trade Unions (ICTU), which represents nearly a fifth of Ireland's 3.1 million electorate, put the figure at over 110,000.
The largest protest took place in the capital, where police said up to 25,000 people took part - a large demonstration by Irish standards.
Marches organized in Cork and Sligo had an estimated turnout of 6,000, according to police, while protests in Limerick, Galway and Waterford attracted crowds of about 2,000.
Ireland's bank debt deal, announced last week, saw the cost of bailing out Anglo Irish stretched out over 40 years rather than 10, cutting Ireland's borrowing needs by 20 billion euros over the next decade.
"The jury is out on this deal," SIPTU trade union president Jack O'Connor told Reuters.
"We anticipated a lower turnout because of it, but went ahead as planned because people clearly want to know what these agreements actually mean for them day-to-day," he said.
David Begg, the general secretary of the ICTU addressing the crowd in Dublin, said it was hugely unfair that Irish people had paid 42 percent of the European banking debt burden, drawing widespread applause from protesters.
"It would be fatal for people to believe this issue is now resolved and we can all move on," he said.
In the crowd, a large number of public sector workers, frustrated by cuts in their basic pay and additional workplace demands, expressed anger at government plans to make further cuts in the sector.
"They want us to pay all their bills and we're getting tired of it now," said Patrick Healey, 57, a teacher who has seen his wages cut by 700 euros per month, or about 20 percent, in the last five years.
The ruble makes small gain Friday morning, but RTS index continues to contract
Norwegian energy company Statoil, which suspended 5 rigs in the last 2 months, granted $610 million for development of its gas fields
Putin earlier announced pipeline project via Bulgaria would be cancelled.
President Vladimir Putin said that Russia needed to take the opportunity to diversify its economy to protect it from external shocks.
Verdi said in a statement that workers at four of those centres had decided to continue their strike until Saturday and employees at the Graben warehouse would strike until Dec. 24.
Russia suffers as sanctions bite economy; will crisis make Ukraine conflict too costly?
EU to tighten sanctions on Crimea in time for leaders summit to send message to Russia
The Organization of the Petroleum Exporting Countries declined to cut production at a Nov. 27 meeting and, despite slumping prices, major Gulf OPEC members have since shown no sign of reversing course
Iran plans to export petrochemical products to Europe after one year of U.S.-led sanctions on its petchem market
Russia's central bank took drastic action to defend its rouble currency in a surprise midnight raising of interest rates by 650 basis points to 17 percent.
It argues that a major submarine ridge of the Arctic Ocean is an extension of its autonomous Greenland.
Russia is the second biggest exporter of illicit money, India is fourth, Brazil seventh and South Africa is 12th, according to the report.
Brent for January fell to a low of $60.28 a barrel in Asian trade, down $1.57 and its lowest since July 2009
Energy cooperation will be one of the topics on the agenda
Labour union Verdi said the strike had started at five of Amazon's nine distribution centres in Germany but added it would only know later in the day how many workers participated
Abdullah al-Badri said the oil price, which dropped to a succession of five-year lows in recent days, had fallen further than market fundamentals should have dictated