Greek Workers to Protest Further Austerity

Greek workers are set to take to the streets of Athens to voice their anger at the high levels of unemployment and any further austerity. The protest comes a few days after the government submitted its revised budget plan for 2015 to the Greek parliament for negotiation.

The budget, which included no new austerity measures, predicts full-year unemployment for 2014 at 24.8 percent, the lowest since 2012. But with around 1.3 million people out of work and without accounting for a further 3.3 million Greeks who are economically inactive or under flexible forms of work, it is no surprise that Greek workers cannot see an improvement.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza