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TROIKA DRAFT GREEK ACCORD SAYS 2012 GDP TO SHRINK AS MUCH AS 5%
GREECE TO CUT MEDICINE SPENDING TO 1.5% OF GDP FROM 1.9% OF GDP
GREECE PLEDGES TO MERGE ALL AUXILIARY PENSION FUNDS
GREECE TO PLEDGE 20% CUT IN MINIMUM WAGE IN TROIKA DRAFT
TROIKA DRAFT GREEK ACCORD RENEWS PLEDGE TO CUT 150,000 EMPLOYEE - or the US equivalent of nearly 5 million workers...
TROIKA DRAFT GREEK ACCORD SEES RETURN TO GROWTH IN 2013
Originally posted by FraternitasSaturni
Did greece accept that crap?
cuts in the minimum wage~22% and 35% for younger workers
cancelling of holiday bonuses for 2012-2013
automatic transformation of employment contracts from limited time to indefinite (allowing for easier layoffs)
right of an employer to switch full time employment to part time
up to 2012H1 sale of Water/Natural Gas company/ OPAP(ex state monopoly)
at least 150.000 less public workers up to 2015
Deeper cuts in pensions
The 3 party leaders agreed on everything except the pensions. Talks will continue overnight to be able to reach a decision before tomorrow's EUG meeting.
Originally posted by AuntB
reply to post by FraternitasSaturni
Yesterday the Greeks took to the streets, burned the German flag and said filthy things about them.
The people of Greece not only retire much earlier, they also retire on double in retire benefits compared to the US. My problem with this is that the "people" of Greece just lost their freedoms. In my mind they are now a lap dog to Germany. Do I think the Greece issues are going to be solved? NO! Do I think they need a total recalibration of their economic system? Yes! I think that Greece and it's economic woes are not going to be solved by pouring money into something that is broke.
Originally posted by samkent
I really don’t understand some of the comments on here.
The people of Greece got what they wanted from their politicians for decades. Lots of freebies with little to no work.
Retirement in their 50’s?
Free healthcare.
37 Paid days off per year. Not including the weekends.
They had a wage freeze for a few years so to increase their pay added a 13th monthly paycheck.
So when it comes time to pay up you feel the government is throwing them under the bus????
What is the government supposed to do? If the bailout checks stop the entire system will lock up.
Greece has been living on a sugar high for many years. Now they have economic diabetes and have to take their medicine.
For Germany to keep supporting them the way they have is akin to giving that deadbeat brother inlaw a monthly check. They will never get it back.
Originally posted by samkent
Greece has been living on a sugar high for many years. Now they have economic diabetes and have to take their medicine.