The Greeks continued to prove that they can be their own worst enemies. Constant strikes there take businesses offline and almost certainly hurt the flow of tourism critical to the economy.
The Greek parliament will vote on extreme austerity measures this week, which its leadership seeks in exchange for desperately needed financial aid. The strikes also serve as a reminder to the European Union and International Monetary Fund that a fickle electorate may throw out current leaders for ones who might repudiate austerity budgets, and once again Greece will be thrown into turmoil. That, in turn, makes it more likely that Greece could leave the alliance completely and default on what is left of its sovereign obligations.
CNN reports:
The nation of Greece comes to a screeching halt again for two days starting Tuesday. Unions have called for a 48-hour general strike ahead of an anticipated vote by the Greek government on yet another round of austerity measures late Wednesday night. Protesters will march on the parliament in central Athens on both days.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
