Thursday, October 14, 2010

Greece - Calls for a General Strike

Greece's main private sector union called a 24-hour strike against austerity for Dec. 15 to demand the government protects jobs and gives back pension benefits scrapped under an EU/IMF bailout plan.

"GSEE calls on all citizens to mobilise to defend basic and fundamental rights," the union, which represents about 2 million workers, said in a statement. "We send a message to all that workers have reached their tolerance limits and will not accept new cuts."

Best of luck with that.  How much better will you fare as a bankrupt nation?  You might be able to raise some $$$ by selling some islands to Turkey.

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A student of the markets that has held portfolio management, analysis and trading positions for over 15 years.