Greece Shut Down by Protests and Strikes Over Pensions; Emergency Eurogroup Meeting Monday

by Mike ‘Mish’ Shedlock
Mish Talk

In protest of still more pension cuts, Greek unions started a 3-day strike on Friday that has shut down much of the country.

The Greek parliament holds a pension reform vote on Monday. The vote is expected to pass but perhaps barely. Syriza has a slim three seat majority in the 300-seat Greek parliament.

Also on Monday, the Eurogroup called an “extraordinary” meeting in Athens to discuss the state of play of the macroeconomic adjustment program for Greece.

“Extraordinary” is a euphemism for “emergency”. More demands on Greece are coming up. Greece is way off projected (and mandated) budget surplus targets.

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