Greece left without ferries, trains for a day as unions hold May Day strike - Macleans.ca
 

Greece left without ferries, trains for a day as unions hold May Day strike


 

ATHENS, Greece – Ferry and train services in Greece have ground to a halt as unions hold a strike for May Day.

And hundreds of people are gathering for planned rallies in central Athens Wednesday.

The country’s main labour unions are protesting soaring unemployment, which is the highest in the 27-country European Union, and the austerity measures the government is enacting in return for crucial bailout loans.

Greece nearly went bankrupt in 2010 and has since depended on money from its euro partners and the International Monetary Fund, granted on condition the government pursues deep spending cuts and wide-ranging economic reforms.

While the austerity has succeeded in reducing high budget deficits, it has been at a huge cost. The country is now in its sixth year of a deep recession.


 
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Greece left without ferries, trains for a day as unions hold May Day strike

  1. This strike is counter-productive. Greece is mostly a tourism-based economy and who wants to visit a country is political upheaval? If they could stop tax evasion (40-50%) the austerity measures would not be necessary. Greece would go from a 19 billion euro deficit to a 19 billion euro surplus.