I don't see how striking is going to help. The money and services Greeks want . . . just isn't there. Greeks already had their flirtation with 'generous government,' and this is what it's gotten them. Now they have a painful lesson to learn.
Are Americans making the same mistake? I think so. Absolutely, but I would welcome any reasoned arguments to the contrary anyone cares to post.
June 15, 2011, 1:36 p.m. EDT
Greeks go on strike as debt fears escalate
Euro, Greek stocks sink as officials fail to agree on rescue plan
By Polya Lesova, MarketWatch
Demonstrators confront riot police near the Greek parliament in Athens on June 15.
LONDON (MarketWatch) — Worries over Greece’s fiscal crisis escalated Wednesday as thousands of citizens joined a 24-hour general strike to protest against the latest austerity measures out of Athens, while media reports said the prime minister may step down.
The developments unnerved investors and the benchmark Greek stock index dropped 1.9% at 1,243.05. It earlier fell to an intraday low of 1,212.95.
The euro also slumped, dropping 1.6% to $1.4198 in late European trade.
Prime Minister George Papandreou has indicated to other party leaders he was willing to consider resigning if an agreement can be reached on forming a national unity government, The Wall Street Journal reported, citing an unnamed senior Socialist party official.
One condition is that parliament back new austerity measures that are sought by international lenders, the Journal wrote.
Full story: http://www.marketwatch.com/story/greeks-go-on-strike-as-debt-fears-escalate-2011-06-15
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 