Protestors burn a greek flag after a demonstration in Athens. The Greek capital was "suffocating" under a barrage of tear gas today as 5,000 protesters swamped riot police outside parliament.
Protestors burn a greek flag after a demonstration in Athens. The Greek capital was "suffocating" under a barrage of tear gas today as 5,000 protesters swamped riot police outside parliament.

Riot police and protesters clash in Athens



ATHENS, Greece // Riot police clashed with rock-throwing demonstrators in central Athens today, sending Christmas shoppers and people in cafes running for cover. Frightened parents scooped up their children from a Christmas carousel in the city's main square and fled. The protesters broke away from a peaceful rally and hurled rocks and firebombs at police and buildings near parliament, overturned a car and set fire to trash bins.

They also splashed police with red paint. Police responded with tear gas and flash grenades. Firefighters and police also rushed to stop protesters from burning down the city's main Christmas tree, which was just replaced earlier this week after the first was torched in riots. Families abandoned the carousel in downtown Syntagma Square after happily going on rides all morning. Today's clashes were the latest outbreak of violence after the police's fatal shooting of 15-year-old Alexandros Grigoropoulos Dec 6.

Protests over the boy's death and the increasing economic hardship in Greece have led to the worst rioting the country has seen in decades. Hundreds of businesses have been smashed, burnt or looted and gangs of youths fought running battles with riot police firing tear gas every night for a week. The riots have been fed by dissatisfaction with Greece's increasingly unpopular conservative government. More than 200 youths took part in running battles with police Thursday in Athens. They also set fire to a private security van and set up a burning barricade after smashing a cafe storefront, and dragging out and setting fire to its furniture. Downtown streets were littered with smashed paving stones and marble blocks.

Shop owners who saw their businesses smashed and looted during the initial riots last week now say they are having trouble making ends meet because many customers are staying away from the city centre. "Who's going to pay all these bills? I'm taking in XX200 ($290) a day," complained Spyros Papaspyrou, the owner of a shoe shop in central Athens. "Do they want me to stand outside my shop with a shotgun? I can't understand why they can't arrest 80 people in the centre of Athens."

Before the violence broke out, some 7,000 students and other protesters marched in a rally, chanting "We are the law, we'll stay on the streets." As they passed, fearful shop owners shuttered their store fronts. Some demonstrators painted white crime-scene-style body outlines on the streets. Earlier in the day, some 1,000 demonstrators joined a peaceful Communist Party-backed march through the city. Some 300 people also marched in Greece's second largest city of Thessaloniki.

While sporadic rallies have been held in Europe in support of the Greek protesters, none were reported today. Major labour union staged work stoppages Thursday to protest the teenager's shooting and the conservative government's economic policies. Air-traffic controllers walked off the job for three hours, forcing state Olympic Airlines to cancel 28 flights and reschedule another 14. State hospitals were operating with skeleton staff in a 24-hour strike. The government appealed for calm after another teenager was shot in the hand late yesterday near his school. It was unclear who shot him.

Police spokesman Panayiotis Stathis said no officers were in the area at the time of the attack, and Interior Minister Prokopis Pavlopoulos promised a thorough investigation. The boy underwent surgery today. * AP

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Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.


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