Thursday, May 01, 2008

Mayday 2008

Mayday 2008, originally uploaded by Teacher Dude's BBQ.

Amidst worries that the Greek economy is entering a period of recession and spiralling prices of basic goods, many Greeks took to the streets to mark Mayday. According to the government figures the official inflation rate has reached 4.4%, way above the EU average. However, the Kathimerini newspaper reported that average household costs rose by 10% making life even more difficult for the 13% of Greek households living below the poverty line.

In Athens and other Greek cities the trade union congress, GSEE, along with other opposition parties and political groups organised rallies attended by tens of thousands. Many representatives attacked the government's inability to curtail prices which are widely believed to be the result of monopolistic practices in many areas of the economy. In addition recent pension reforms drew the ire of many speakers.

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