Greece Strike, Europe and China were fluctuated in Building Material Industry (3/12/2010)

The Greek public and private sector workers launched a strike today, so that the aircraft grounded, and schools were closed and public transport stopped. This is the second time in two weeks, the Greek nation-wide strike to protest against the economic austerity program implemented by the Administration. Greek Government in the market and the EU partner countries under the dual pressure, last week announced a goal of 4.8 billion euros of the new austerity measures, including raising value-added tax, and freeze the proceeds to reduce civil service pension payments. Many Greek people that the plan is not fair, should not adversely affect the object of attack. Greek officials, rampant corruption, tax evasion is widespread.

The impact on the building material industry

Well-known phenomenon of economic globalization is now common, often caused the crisis in one chain reaction. As an important economic pillar of the Greek building materials industry will be what kind of impact does that other countries what kind of chain reaction?

Greek marble, 2004 when a total of 2.225 million tons of annual, growth rate of 4.8%.
Imports
Greece is not only a stone producing countries, but also to cut the marble is the main importing countries (accounting for the last three years 75% -83%). In recent years, the average import volume totaled more than 40 million euros.
Exports
1. Marble
As we all know, the European Union, the main exporter of marble in Italy and Spain, and the largest importer of marble, is China. Greek strike could trigger a crisis in all aspects, bringing a direct consequence of obvious, China's stone exports will be some impact.
Greece's main export destination of Stone is the third country (non-EU countries), of which China is a major receiving countries, other important export markets are the United States, Saudi Arabia and Brazil. In the European Union, the main market in Cyprus, Spain and Germany.
This shows that the price of stone in these countries may also produce some fluctuations in the corresponding.

2. Floor
Greece flooring industry in the world, has a high status, its demand for raw materials and finished product output has reached world leading level, but its products are mainly for the high-end market, the exporting country is mainly Europe and the United States, China also has share, but I think the impact will not be great, just as there is such a local proverb: people who buy luxury goods have never been short of money.

(by China Leiyuan, 3/12/2010)