Tuesday, July 27, 2010

EU, IMF Visit Greece Amid Demonstrations

Wall Street Journal
July 27, 2010

A delegation of European and International Monetary Fund officials began a two-week visit to Greece on Monday to determine whether to continue funding under a €110 billion ($141 billion) loan deal.

The interim review by the European Commission, European Central Bank and IMF officials comes as reforms demanded by this so-called troika were met with protests from air-traffic controllers and truck drivers.

At Athens International Airport, thousands of travelers and hundreds of flights were delayed Sunday and Monday after air-traffic controllers staged a "work to rule" protest. The controllers are mulling a full out strike for July 31, a move many fear will hurt Greece's vital summer tourist season. The truck drivers are on an indefinite strike since late Sunday.

More

No comments: