Following strikes over the unpopular French labor reform, that started over the weekend and crippled the French refining industry leading to gasoline shortages and rationing, things are about to get far more serious for the country whose economy has already been threatened with a sharp slowdown as a result of a relentless wave of labor unrest. According to Reuters, staff in France’s 19 nuclear plants – which by definition we assume is essential – have voted to go on strike on Thursday as part of protests over a labour reform, according to a CGT union official.
While industry experts say planned strikes are unlikely to provoke blackouts because of legal limits on strike action in the nuclear industry and France’s ability to import power from neighbouring countries, it would not be at all surprising to see the opposite outcome.
This post was published at Zero Hedge on 05/25/2016.
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