Greek tax collectors and taxi drivers have gone on a 2-day strike as Greek government follows austerity policy and continuing market reforms in order to deal with debt problems. Monday's strikes come amid increasing market alarm over the Greek government's efforts to save the rapidly contracting economy, and a day after a new blanket property tax was imposed. The Socialist government claims the new belt-tightening -- after 20 months of austerity -- was dictated by revenue shortfalls that are threatening the country's vital international bailout program. Revenue-collecting tax and customs workers are angry at cuts in their bonus pay, while taxi drivers object to the abolition of protective licensing restrictions. Taxi owners also held a disruptive strike for weeks in July, blockading airports and harbors. Markets reacted with a slight decline, fearing further shortfall of EU contries’ economies. UAIndex has shown average performance with a 1.04% decline.

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