Greek Unions Plan Strikes on Tuesday

Greece's two major labor unions are planning a 24-hour strike on Tuesday against austerity measures and reforms demanded by international lenders in exchange for a new bailout package, Reuters is reporting.

ADEDY and its private sector sister union GSEE represent about two million workers or roughly half the country's workforce. They have staged repeated strikes since the country first resorted to bailouts from foreign lenders in 2010.

A GSEE official said the two unions would on Monday finalize plans to strike. Via Twitter, the Greek National Tourism Organization told Travel Agent that travel throughout the country will be normal tomorrow, but that there will be some transport stoppages in Athens.

Meanwhile, Bloomberg is reporting that Greek Prime Minister Lucas Papademos struck a tentative deal with the leaders of the three parties supporting his interim government to boost economic competitiveness and extend spending cuts. The politicians agreed in a five-hour meeting yesterday to make additional reductions this year equal to 1.5 percent of gross domestic product.


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