Thursday, February 17, 2011

Egypt's Workers Strike

Following the revolution that has occurred in Egypt, workers went on strike along the Suez Canal on Thursday for better wages and working conditions. The increasing amount of protests are threatening the economy. Banks reopened last week, however due to the wave of protests they have re-closed. Officials fear that the reopening of the stock market in these conditions may cause severe economic distress.

http://www.nytimes.com/2011/02/18/world/middleeast/18egypt.html?_r=1&ref=world

No comments: