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Strikes put Greece on the brink

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Strikes put Greece on the brink


The Acropolis – one of the iconic symbols of Ancient Greece, the land that gave the world democracy – is closed to tourists.

Modern-day Greeks have exercised their democratic right and practically closed the whole country down.

Public services have ground to a halt across the country, including transport services so vital to the lucrative tourist market.

None of this will help, as the man charged with rescuing the country from a mammoth 340 billion euro debt knows only too well.

Prime Minister George Papandreou is under huge pressure as he attempts to push his government’s last-ditch attempt to save the economy through parliament.

If his programme of a further 28 billion euros worth of cuts is rejected, Greece risks being cut off from further funding from Europe and the IMF.

Earlier this week the country’s credit rating was cut to one of the lowest in the world.

A default by Greece has huge implications beyond its borders, and of course, on the Euro.

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