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Greece gears up for strike action

Greece is bracing itself for strike action ahead of a visit from the European Commission.

11 May 2011

Union bargaining may be on the cards in Greece as a mass of strike action is set to take place in the country this week.

Coinciding with the visit of a delegation from the European Commission, a round of protests is scheduled to commence today (May 11th).

The disruption is taking place as part of a string of demonstrations against austerity policies implemented by the government.

Ferry services will be halted as a result of the strikes and a number of hospitals will operate with skeleton staff.

Flights may also see disruptions as air traffic controllers commence a four-hour walk-out.

Similarly, trains, bus services and the metro system in Athens are set to have services suspended due to the protests.

Analysts from S&P and Moody's have warned that there is a 61 to 75 per cent chance of a Greek debt default during the next two to five years.

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