7 thoughts on “Greek bank workers strike against privatisation

  1. Pingback: Greek nazi anti-Afghan refugee violence | Dear Kitty. Some blog

  2. Greek bank staff strike

    On Monday, bank employees staged a 24-hour strike against possible salary cuts, job losses and changes to pension arrangements as a result of a consolidation of the sector following the takeover of state-owned Agricultural Bank of Greece (ATEbank) by Piraeus Bank, the country’s fourth largest lender.

    The strike shut down thousands of branches across the country.

    International lenders are placing pressure on Greece to consolidate the sector before the completion of a €50 billion bank recapitalisation programme, as part of the second tranche of an agreed €174 billion loan.

    Two more sales of loss-making lenders are due. France’s Crédit Agricole is disposing of Emporiki Bank, “while bids for the healthy assets of state-owned Hellenic Postal Savings Bank are being examined by the country’s central banks,” reported the Financial Times.

    http://wsws.org/articles/2012/aug2012/wkrs-a03.shtml

  3. Pingback: Greek strikes and governmental xenophobia | Dear Kitty. Some blog

  4. Pingback: Monti’s capitalism or democracy in Europe? | Dear Kitty. Some blog

  5. Pingback: Greek strikes, governmental racism, continue | Dear Kitty. Some blog

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