Just in case anyone thought we were out of the woods on the economy, there are still plenty of problems out there. Greece may be the first to fall into serious financial trouble but others (Spain, Portugal) are not far behind. It's not unlike the financial problems in California or other troubled areas in the US. The only way forward is severe cuts and who really likes that? How many more countries, states and cities are looking at the same in 2010?
The Greek government's emergency efforts to revive the country's ailing economy met with angry protests in Athens yesterday, as customs officials and tax collectors went on the first of an expected rash of rowdy strikes.
The two-day protest comes after the government enacted a brutal reform package in response to a disastrous economic picture in the eurozone's weakest economy. The absence of the customs workers was already making itself felt yesterday, as lines of trucks formed at the country's borders unable to bring imports into the country except perishable goods and pharmaceuticals. Fears arose that a fuel shortage would soon result.
