Thursday, July 29, 2010

Greek Strikes...OOPS

 From this mornings Guardian;

Greek police fire tear gas at striking truckers 

Government issues emergency order as fuel shortages strand tourists and disrupt food and medical supplies

On islands, where fuel supplies have totally run out, tourists could be seen abandoning rented cars by the side of the road while yachts remained docked in harbours or drifted out at sea.....
 ...The strike has further dented tourism – widely seen as the linchpin of the country's economic recovery this summer. With one in five Greeks working in the sector, tourism accounts for almost 20% of GDP

Like yesterdays inventory numbers from the DOE , reality has a habit of eventually intruding itself.
And while I could happily drift off a Greek Island in my yacht, holders of Eurozone debt may not have such a delightful experience.  

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