Greek strikes halt train services

Greece like all nations within the Euro zone is limited by the rules of its construct. The preferred and historically consistent option of ongoing default through currency devaluation is an option. The option to pursue austerity measures is unlike to find acceptance from a society dependent on centralized assistance. Social and civil disobedience, unfortunately, will not alter the market forces driving the default of many Euro zone nations. As long as default through devaluation of previous issued debt is not an option, the markets will press the weaker nations until they either have no choice but to change the rules or force a withdrawal from the currency union.

All train services in Greece have been suspended after state railway employees launched a series of strikes against planned reforms.

The debt-laden country's railways are €10-billion ($14-billion) in the red, and the government has announced plans to cut benefits and move excess personnel to other public sector jobs.