Minimum wages and private pay cuts demanded in Greece
Earlier, Papademos, Finance Minister Evangelos Venizelos and Labor Minister Giorgos Koutroumanis met with troika representatives. The lenders’ demands for the minimum wage to be lowered and private sector salaries to be cut drastically in a bid to boost Greece’s competitiveness are proving major stumbling blocks to achieving agreement on a new bailout package.
Update 1745 GMT: Read about the penniless shepherd who owes the Greek State 10.8 million euros, from Jakarta linked here:
At the time, he had gained 30 million drachmas, the equivalent of 88,000 euros.
Parasyris, who now lives in a hut and has a flock of 50 sheep, told the daily he has paid his dues “three times over” but state fines and years of compounded interest have driven his debt to astronomical levels.
“If the others on the list are as poor as me, I don’t see a future for this country,” the father of five told Ethnos.
Labels: Greece default
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