Thursday 13 October 2011

Put A Fork In It: Greece Effectively Shuts Down As Finance Ministry To Begin 9 Day Strike




12 October, 2011

Remember the country that started it all yet was "so small nobody should worry about it." Well, it turns out its size was juuuuust right, and while the Eurozone is now fighting contagion fires everywhere up to and including the heart of the core (thank you most-bailed-out-by-the-Fed-bank Dexia), Greece still has yet to see any benefits whatsoever from all the so called bailouts, including the 5 previous tranches from the US taxpayer funded IMF. Well, it appears Greece has effectively shut down, after the country's Finance Ministry - the nerve center coordinating not only the country's economy but its continued bailout requests, has announced the start of a 9 day strike beginning October 17. May as well call it indefinite, and may as well put a fork in it.

From Bloomberg:

Greek finance ministry workers blocked access to the ministry’s main building in central Athens as part of protests against government plans to cut jobs and wages.

Members of the Federation of Finance Ministry Unions hung a banner reading ‘Occupation’ from the roof of the eight-story building and hoisted black flags around the roof. The federation plans a nine-day strike beginning Oct. 17, according to an e-mailed statement today.






Greek tax inspectors to strike, protests spread

News Daily, 12 October, 2011


ATHENS, Oct. 12, 2011 (Reuters) — Greek tax inspectors will go on strike next week to protest against planned wage and pension cuts, threatening more disruption to revenue collection efforts that are already falling behind budget targets imposed by international lenders.

With much of Greece expected to be shut down by a general strike on October 19, finance ministry officials have called a two-week stoppage from October 17 while tax offices will remain closed from October 17-20 and customs officials will stay away from their desks from October 18-23.

For story GO HERE

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