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Monday, June 27, 2011

Greece: 48-hour general strike begins

by Calculated Risk on 6/27/2011 09:57:00 PM

From the BBC: Greece general strike: Unions act amid cuts debate

Trade unions in Greece have begun a 48-hour general strike, hours after PM George Papandreou urged parliament to back an austerity package.

Huge crowds of protesters are expected on the streets of Athens, while public transport is set to grind to a halt.
More than 5,000 police officers are due to be deployed in the centre of Athens on Tuesday morning, when tens of thousands of striking workers are expected to march towards parliament at 1000 (0700 GMT).
Airports will be shut for hours at a time, with air traffic controllers walking out between 0800 and 1200 (0500-0900 GMT) and 1800 and 2200 (1500-1900 GMT). Ferries, buses and trains will also stop running.
We will probably wake up to images of the strike in Greece. The austerity votes are scheduled for Wednesday and Thursday.

Note: Case-Shiller house prices will be released at 9 AM ET tomorrow.