The auto factory Pinault proposed to replace had been a site of labor demonstrations.

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Greece has already agreed to a harsh austerity program and labor market reforms, which have led to violent street demonstrations and crippling unemployment.

CNN: Greeks pushed to work more to pay debt

In return for international bailout funds, Greece has agreed to a harsh austerity program and labor market reforms -- measures that have led to violent street demonstrations in the past.

CNN: Thousands protest austerity measures in Greece