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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Dec 24 4:00 PM EST

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To: Keith Feral who wrote (39873)	11/5/2012 3:23:53 PM
From: Brian Sullivan	Read Replies (1) of 220648

The Greek Parliament is suppose to pass the austerity required to continue to get the EU money. The vote is scheduled for Wednesday, the day after our election. reuters.com Parliament is expected to vote on Prime Minister Antonis Samaras's 13.5 billion euros ($17 billion) package of cost cuts and tax hikes on Wednesday along with measures making it easier for firms to hire and fire workers. Despite public exasperation at four years of belt-tightening that has helped wipe out a fifth of the economy and leave a quarter of Greeks jobless, the package and a tough budget slated for a vote on Sunday are expected to scrape through parliament. Greece's powerful main public and private sector unions will launch a 48 hour strike against the legislation on Tuesday and plan marches in the centre of Athens. Journalists, doctors, transport workers and shopkeepers also planned stoppages. Approval of the reforms and the passage of the 2013 budget are crucial to unlocking 31.5 billion euros in aid from an International Monetary Fund and European Union bailout that has been on hold for months.

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