• Greece to cut 15,000 jobs for bailout
    6 replies, posted
[QUOTE][B]Athens, Greece (CNN) --[/B] Greek lawmakers on Sunday agreed to cut thousands of government workers to secure another 8.8 billion euros ($11.5 billion) in bailout funds. The vote clears the way for 15,000 civil servants to be fired by the end of 2014, the first time Greece's cash-strapped government has said it will cut its workforce of about 700,000. The right to a permanent position once hired by the public sector had been protected by the Greek constitution before Sunday, and about one in four Greeks is on the public payroll. Cutting that figure is part of the loan agreement between the government and its creditors, the European Union and the International Monetary Fund. But the layoffs will be coming when [B]unemployment has skyrocketed to more than 27%[/B]. Previous austerity measures have cut pay for public workers as much as 30% and reduced pension benefits.[/QUOTE] [URL="http://www.cnn.com/2013/04/28/world/europe/greece-bailout-layoffs/index.html"]Video and More in Source[/URL]
Greece is really in a bad situation.
From what I've heard this is a good thing in the long-term though because the public sector in Greece is unbelievably bloated because [quote]The right to a permanent position once hired by the public sector had been protected by the Greek constitution before Sunday, and about one in four Greeks is on the public payroll.[/quote]
good god it's like a real life atlas shrugged
[QUOTE=smurfy;40467273]From what I've heard this is a good thing in the long-term though because the public sector in Greece is unbelievably bloated because[/QUOTE] Wow what a load of bullshit, So basically the people who got the country into debt in the first place couldn't be fired? Amazing
actually as far as I can tell greece's problems are from people not paying their taxes; their public sector is big but not compared to some other countries
[QUOTE=DainBramageStudios;40467462]actually as far as I can tell greece's problems are from people not paying their taxes; their public sector is big but not compared to some other countries[/QUOTE] Their problem is huge corruption in both government and citizens. Citizens dont pay tax, politicians steal what's left.
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