Tuesday, October 18, 2011

Greece Braces For 'Mother Of All Strikes' As Austerity Vote Nears

According to MarketWatch, already strikes halted ferries to the Greek islands, tax collectors and customs officers walked off the job and civil servants occupied the finance and labor ministry buildings in the Greek capital, according to a report from the Associated Press.

The strikes come ahead of Thursday’s parliamentary debate on new austerity measures to ensure the release of more bailout funds for Greece and ahead of a European Union meeting this coming weekend.

The Greek vote on austerity measures “remains vital,” Kathleen Brooks, research director at Forex.com, said in a note Monday, pointing out that if the vote doesn’t pass, Greek is “on course for a disorderly default.”

Read more at http://blogs.marketwatch.com/thetell/2011/10/17/strikes-intensify-as-athens-grows-wary/

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