Greece's greatest financial enemy remains it own citizens. The Federation of Greek Customs Workers decided to call a three-day strike. According to Bloomberg, "Exports have fallen 18% since the beginning of the strike because the shipping of goods via maritime, rail and air links is paralyzed," Christina Sakellaridi, president of the Panhellenic Union of Exporters says.
The Greek government can raise taxes and propose cost cuts. But as long as powerful unions oppose them, the country's sovereign debt crisis will linger.
Via Daily Finance
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