Oh God.
Greece’s biggest union approved the second mass strike this month and tax collectors began a 48-hour walkout, showing that Prime Minister George Papandreou’s parliamentary majority may not be enough to implement his plan to cut the European Union’s largest deficit.
GSEE, which represents about 2 million workers in the private sector, voted at a meeting in Athens today to walk out Feb. 24. The main public-employee union plans a Feb. 10 strike to protest spending cuts as Papandreou steps up budget cuts to persuade investors Greece won’t need a bailout.
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See Also:
- Greece Once Again Denies It Needs A Bailout Even As China Refuses To Buy Debt And CDS Prices Soar
- Spain Goes On Offensive, Cuts Everything To Combat Debt Crisis
- Reach Capital’s Nigel Hart: Don’t Worry About The PIIGS, They’re The Building Blocks Of The Market’s "Wall Of Worry"