Sunday, February 05, 2012

Minimum wages and private pay cuts demanded in Greece

Sunday afternoon talks continued as the EU pushes Greece to the wall, ekathimerini's report is linked here, from which comes these quotes:

The leaders of the three parties in Greece’s coalition government began last-ditch talks with Prime Minister Lucas Papademos at about 3.30 p.m. on Sunday as they try to agree on a package of reforms that would secure further funding from the eurozone and the International Monetary Fund.
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:

Stelios Parasyris, 65, is deemed to owe the Greek state nearly 10.8 million euros ($14 million) after allegedly pocketing tax refunds using false documents 17 years ago, Ethnos daily reported.

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.



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