Greece to formally assume EU rotating presidency | Inquirer News

Greece to formally assume EU rotating presidency

/ 08:57 PM January 08, 2014

A passer-by looks at the window of a clothing and shoe shop in central Athens, on Friday, Jan 3, 2013. Greece has assumed the six-month presidency of the European Union, starting 2014 with a promise by the government to pull the country out of a six-year recession, keep a balanced budget, and effectively end a financial crisis that shook the foundations of the euro. AP

ATHENS, Greece — Security is tight in central Athens as Greece prepares to formally assume the European Union’s rotating six-month presidency Wednesday afternoon with a ceremony to be attended by EU commissioners.

A left-wing group has vowed to defy an 18-hour ban on protests in the city center, calling for a rally in central Athens shortly before the official ceremony is due to begin. Access to certain areas of central Athens where events are to be held were under tight control, with riot police deploying in nearby areas and a helicopter hovering overhead.

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A subway station near the Athens Concert Hall where the evening ceremony will be held will shut down for several hours ahead of the event.

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TAGS: Economy, Greece, Greek, World economy

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