FACTBOX-Financial Crisis Sparks Unrest In Europe -- Reuters
Feb 26 (Reuters) - Thousands of Opel workers from around Germany took part in a mass rally on Thursday demanding parent General Motors (GM.N) scrap plans for plant closures in Europe.
The global financial and economic crisis has sparked many protests in parts of Europe. Here are some details:
* BOSNIA -- Workers of Bosnia's only alumina producer Birac protested on Feb. 9 in Banja Luka, demanding salary payments and government support to offset falling metal prices.
* BRITAIN -- British workers held a series of protests at power plants, demonstrating against the employment of foreign contractors to work on critical energy sites.
Read more ....
More News On Europe's Financial Crisis
New Europe teeters on the brink -- Irish Times
The Economic Crisis Hits Eastern Europe -- Time Magazine
E. Europe faces debt, currency woes -- International Herald Tribune
Will The Economic Crisis Split East And West In Europe? -- Forbes
FACTBOX - Financial crisis and world's poor -- Reuters
My Comment: My relatives in Eastern Europe are already talking about bank accounts being blocked, and unemployment sky-rocketing. I doubt that any of these countries are going to default, but the misery that it is going to produce will have worldwide implications.
The implications towards military and security forces, economic instability leading to government instability and change, social unrest .... the summer of 2009 has all the signs of being a very hot summer.
Reuters has a good summary on the consequences to the world's poor from the financial crisis. That link is here.
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