Defiant Greece rehires public staff despite bailout talks
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[QUOTE]Greek MPs passed a law to give back jobs to some 4,000 workers who were laid off under severe austerity cuts. It comes as Athens seeks a deal on more financial aid ahead of a meeting of eurozone finance ministers on Monday.
Greece is running out of money as it has to pay €750m ($845m; £555m) to the International Monetary Fund on 12 May. International creditors have demanded cuts in spending, including [URL="http://www.bbc.com/news/business-32105897"]plans to trim[/URL] the civil service and privatisation of state assets, in order for Greece to continue receiving loans.
On Thursday, the Greek parliament adopted a bill to rehire school guards, cleaning ladies and civil servants who lost their jobs or were earmarked for dismissal under the the austerity programme.[/QUOTE]
[URL="http://www.bbc.com/news/world-europe-32630338"]More in Source.[/URL]
To be fair, these workers salaries probably account for .01% of that sum, and less unemployment is better. Not all austerity cuts are going to be nearly as effective as others and cutting a few thousand civil servants saving 1% of the deficit isn't helping
[QUOTE=Sableye;47686112]To be fair, these workers salaries probably account for .01% of that sum, and less unemployment is better. Not all austerity cuts are going to be nearly as effective as others and cutting a few thousand civil servants saving 1% of the deficit isn't helping[/QUOTE]
You've summed up the article.
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