• Germany's news in English

Strikes hit Greece after OTE-Deutsche Telekom deal

AFP · 15 May 2008, 17:36

Published: 15 May 2008 17:36 GMT+02:00

Facebook Twitter Google+ reddit

Employees at the Hellenic Telecom Organisation (OTE) went on a one-day strike and were among 3,000 protesters who demonstrated in front of the Greek Labour Ministry after the deal drew heavy criticism of government privatisation plans.

The state inter-ministerial privatisation committee's approval on Wednesday of the OTE deal sparked anger especially among left-wing opposition movement Pasok. DT already controls around 20 percent of OTE.

Unions denounced the accord as "a national crime" and called for a 24-hour strike on Thursday against what they termed "the liquidation of the group."

The Greek government, which has a 28-percent stake in OTE, is expected to sell a three-percent share to DT for €442.3 million ($685 million), Economy Minister George Alogoskoufis told a press conference.

Deutsche Telekom is also expected to acquire a two percent interest in the group through the stock market.

Greek authorities have for years sought a "strategic European investor" for OTE, the largest telecom operator in the Balkans with operations in Albania, Bulgaria, Macedonia and Serbia.

Vassilis Kararizos, an analyst with the financial group Proton Securities, said the tie-up with DT was unlikely to lead to major personnel changes at OTE, notably after the voluntary departure of 6,000 employees two years ago.

Story continues below…

But the deal has nonetheless triggered sharp criticism from the left. A Pasok spokesman on Wednesday described it as "one of the darkest days in Greek


Facebook Twitter Google+ reddit

Today's headlines
Hostility towards minorities 'widespread in Bavaria'
A village in southern Bavaria. Photo: DPA.

Hate and hostility towards groups deemed to be different are not just sentiments felt by fringe extremists, a new report on Bavaria shows.

Hated RB Leipzig emerge as shock challengers to Bayern
RB Leipzig. Photo: DPA

RB Leipzig's remarkable unbeaten start to the Bundesliga season has seen them suddenly emerge at the head of the pack chasing reigning champions and league leaders Bayern Munich.

Munich taxi driver in hospital after attack by British tourists
Photo: DPA

A taxi driver had to be hospitalized in Munich on Monday evening after three British tourists refused to pay their fare and then attacked him.

German police carry out nationwide anti-terror raids
Police outside a building in Jena during raids on Tuesday. Photo: DPA

Police forces in five German states carried out raids on Tuesday morning with the aim of tackling the financing of terror groups, police in Thuringia have reported.

The Local List
10 ways German completely messes up your English
Photo: DPA

So you've mastered German, but now it's time to learn English all over again.

Iconic German church being eroded away by human urine
Ulm Minster towering over the rest Ulm surrounding the Danube. Photo: Pixabay

It will now cost you €100 to spend a penny. That’s if you get caught choosing to pee against the world-famous Ulm Minster.

German small arms ammo exports grow ten-fold
Photo: DPA

The government has come in for criticism after new figures revealed that Germany exported ten times the quantity of small arms ammunition in the first half of 2016 as in the same period last year.

14-year-old stabs 'creepy clown' in prank gone wrong
File photo: DPA.

A 16-year-old in Berlin decided he wanted to scare some friends, but his plot backfired in a violent way.

Four Ku Klux Klan groups active in Germany, says govt
An American member of the KKK at a gathering in Georgia. Photo: EPA.

The German government estimates that there are four Ku Klux Klan (KKK) groups currently active in the country, according to a report by the Süddeutsche Zeitung (SZ) on Tuesday.

Ex-chancellor Schröder to mediate in supermarket row
Gerhard Schröder. Photo: DPA

Can Gerhard Schröder bring an end to the Kaiser's Tengelmann saga?

Germany's 10 most weird and wonderful landmarks
Sponsored Article
Last chance to vote absentee in the US elections
10 things you never knew about socialist East Germany
How Germans fell in love with America's favourite squash
How I ditched London for Berlin and became a published author
12 clever German idioms that'll make you sound like a pro
23 fascinating facts you never knew about Berlin
9 unmissable events to check out in Germany this October
10 things you never knew about German reunification
10 things you're sure to notice after an Oktoberfest visit
Germany's 10 most Instagram-able places
15 pics that prove Germany is absolutely enchanting in autumn
10 German films you have to watch before you die
6 things about Munich that’ll stay with you forever
10 pieces of German slang you'll never learn in class
Ouch! Naked swimmer hospitalized after angler hooks his penis
Six reasons why Berlin is now known as 'the failed city'
15 tell-tale signs you’ll never quite master German
7 American habits that make Germans very, very uncomfortable
Story of a fugitive cow who outwitted police for weeks before capture
Eleven famous Germans with surnames that'll make your sides split
The best ways to get a visa as an American in Germany
jobs available
Toytown Germany
Germany's English-speaking crowd