By: William B. Cassidy at wcassidy@joc.com.

Protests over deregulation spur fears of fuel shortages
Truckers in Greece are striking over a plan to introduce new trucking licenses.

Greece must open “closed” industries such as trucking to competition under its $143 billion loan deal with the European Union and International Monetary Fund.

Greek truckers are concerned that their operating licenses, worth as much as $250,000 or more, according to reports, would be devalued following deregulation.

Thousands of truckers parked their rigs Monday, according to Reuters, leading to fears of fuel and food shortages, especially in the nation’s islands, and disruptions in trade.

Source: The Journal of Commerce

*This product contains proprietary information of United Business Media. It is unlawful to copy or redistribute this information without express written permission.
©Copyright 2010 United Business Media, Incorporated. All rights reserved.