Greek power company workers go on strike

Greek power company workers go on strike
Monday, June 20, 2011 - 8:34am

Greek workers at the state owned power company walked out monday in protest against strict measures being taken by their government. GENOP, the union of state electric employees, began 48 hour strikes at midnight on sunday, threatening blackouts across the country. Protests have broken out almost every day in Greece over slashed salaries and pensions.

The strike came as talks in Luxembourg between Eurozone Finance Ministers on Greece's imploding finances ended without reaching a final agreement on vital rescue loans needed to avoid bankruptcy next month. Just over a year after its first bailout, Greece is falling short of its financial goals. The country's debt is expected to reach 160 percent of gross domestic product by the end of 2011, while its economy continues to diminish.

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