The Fort Worth Press - Strikes flare in Europe as cost of living spirals

USD -
AED 3.673008
AFN 64.503214
ALL 80.819685
AMD 361.405228
ANG 1.789785
AOA 917.000132
ARS 1525.743205
AUD 1.42204
AWG 1.80125
AZN 1.694926
BAM 1.741787
BBD 2.015015
BDT 123.745402
BGN 1.747831
BHD 0.377604
BIF 3000.997453
BMD 1
BND 1.278059
BOB 11.730759
BRL 5.0336
BSD 1.000472
BTN 94.559477
BWP 13.70595
BYN 2.971479
BYR 19600
BZD 2.012094
CAD 1.40468
CDF 2315.999614
CHF 0.823985
CLF 0.02484
CLP 977.639757
CNY 6.67805
CNH 6.673855
COP 3194.48
CRC 455.529135
CUC 1
CUP 24.010794
CVE 98.199695
CZK 21.58565
DJF 177.720049
DKK 6.651515
DOP 61.440772
DZD 134.600855
EGP 54.383604
ERN 15
ETB 163.87083
EUR 0.88984
FJD 2.253797
FKP 0.747587
GBP 0.74635
GEL 2.589651
GGP 0.747587
GHS 11.660299
GIP 0.747587
GMD 73.49688
GNF 8854.987666
GTQ 7.645587
GYD 209.311853
HKD 7.846885
HNL 26.857072
HRK 6.703799
HTG 131.084908
HUF 325.065498
IDR 18027.05
ILS 3.088402
IMP 0.747587
INR 94.43255
IQD 1516.6493
IRR 1832374.999738
ISK 121.269746
JEP 0.747587
JMD 158.780625
JOD 0.709015
JPY 158.134988
KES 129.859579
KGS 87.449845
KHR 4068.146802
KMF 439.503571
KPW 899.999961
KRW 1325.979763
KWD 0.31018
KYD 0.833753
KZT 446.890557
LAK 22518.390538
LBP 89591.044298
LKR 332.14739
LRD 170.580744
LSL 16.412051
LTL 2.95274
LVL 0.60489
LYD 6.419294
MAD 9.819615
MDL 17.998442
MGA 4521.489767
MKD 54.903951
MMK 2099.21541
MNT 3597.533576
MOP 8.085932
MRU 40.128421
MUR 47.319959
MVR 15.459751
MWK 1734.751129
MXN 18.645615
MYR 4.081198
MZN 63.902977
NAD 16.412051
NGN 1331.830194
NIO 36.816372
NOK 9.371645
NPR 151.295341
NZD 1.75332
OMR 0.384501
PAB 1.000481
PEN 3.438421
PGK 4.479652
PHP 63.399499
PKR 276.89823
PLN 3.87625
PYG 5756.677086
QAR 3.647261
RON 4.753003
RSD 104.53802
RUB 82.104013
RWF 1478.615162
SAR 3.748965
SBD 8.07458
SCR 13.97401
SDG 601.492558
SEK 9.878845
SGD 1.27707
SHP 0.7473
SLE 23.919966
SLL 20969.504398
SOS 571.749178
SRD 37.735499
STD 20697.981008
STN 21.819089
SVC 8.754392
SYP 13001.999685
SZL 16.418788
THB 33.570497
TJS 9.214157
TMT 3.51
TND 2.986543
TOP 2.40776
TRY 49.598465
TTD 6.792416
TWD 32.411301
TZS 2644.999678
UAH 45.047334
UGX 4207.076509
UYU 40.164934
UZS 11975.562621
VES 879.788897
VND 25856.5
VUV 119.136032
WST 2.774679
XAF 583.696876
XAG 0.017313
XAU 0.000241628771
XCD 2.70255
XCG 1.803058
XDR 0.707052
XOF 583.696876
XPF 106.20998
YER 236.101147
ZAR 16.360597
ZMK 9001.202969
ZMW 20.069287
ZWL 321.999592
SSP 5787.554334
MXV 2.10465
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Strikes flare in Europe as cost of living spirals
Strikes flare in Europe as cost of living spirals / Photo: © Belga/AFP

Strikes flare in Europe as cost of living spirals

European workers squeezed by the soaring cost of living went on strike in Belgium and Greece on Wednesday, with stoppages threatening to paralyse parts of Britain, France and Spain in coming days.

Text size:

Spreading industrial unrest poses a problem for governments which are already spending billions trying to blunt the worst effects of rising prices, at least for the most vulnerable.

Europe is acutely affected by the fall-out of the war in Ukraine, which is exacerbating a global energy crisis, inflation and a scarcity of some food products.

The onset of winter, when energy bills spike, and repeated predictions of a looming, continent-wide recession are souring the labour mood even further.

Belgium and Greece saw general strikes on Wednesday, disrupting transport in their respective capitals, impacting businesses.

In Brussels, home to the European Commission and other EU institutions, workers were protesting inflation running higher than 12 percent -- well above the 10.7 percent average across the eurozone.

The country's biggest union, the FGTB, is demanding greater leeway to negotiate pay rises.

But the Belgian government counters that Belgian salaries are already indexed to inflation -- an arrangement not seen in most other countries.

The strike cut train services by 75 percent and closed the airport in the southern city of Charleroi, the main hub in the country for Europe's leading airline Ryanair.

- Strikes in Britain and France -

In Greece, ferries serving its many islands were among the transport lines halted by a general strike, the second to hit the country since September.

Greek unions are insisting on salary rises to cope with inflation which nationally has risen to 12 percent.

"The cost of living is untenable," read a large poster for the country's biggest union, the GSEE, calling for "social protection for all".

Stoppages were to be felt on Thursday in Britain and France, with the underground urban rail networks and busses in London and Paris to be severely affected.

A French union leader, Celine Verzeletti of the CGT confederation, predicted up to 200 "demonstration points", roughly the same as the last national strike in France, on October 18, when more than 100,000 people protested.

France is not as badly affected by inflation as its European peers, as the state holds stakes in the main energy companies and has minimised how far energy bills can rise.

Inflation in France is just over six percent -- better than elsewhere -- but with economic activity across the eurozone nosediving, hatches are being battened for what looks like a period of stagflation.

In Britain, where inflation is above 10 percent, worker protests over not being able to make ends meet are coming to a crescendo.

The Bank of England predicts the country is headed for a two-year recession, even though it was forced to hike interest rates, making it even tougher for UK households.

- EU energy moves -

On top of Thursday's stoppage in London's Underground, British nurses are to hold the first strike in the 106-year history of their RCN union at a date yet to be announced.

Late next week, hundreds of workers at Heathrow airport are to down tools for three days, between November 18 and 21, to demand better pay.

Their action could force the cancellation of flights to Qatar, which is to host the World Cup football tournament that kicks off on November 20.

British dockers, university staff, postal employees and the legal profession have all held, or threaten to continue strikes over pay eaten away by inflation.

In Spain, truck drivers have called an indefinite strike from next Monday. Their last stoppage, in March, led to empty supermarket shelves.

With labour protests mounting, the EU is looking at ways to take some of the sting out of energy prices.

The European Commission and member states are working on proposals to promote the joint purchase of gas and possibly impose a mechanism to cap the price of wholesale gas within the EU.

Details are not expected to be finalised until late this month, but the steps -- and unseasonably warm weather last month -- contributed to a fall in gas prices, though they are expected to rise again as winter bites.

The head of the European Central Bank, Christine Lagarde, said last week a "mild" eurozone recession looked likely -- but warned it would not be enough to bring down record-high inflation.

G.George--TFWP