The Greek economy shrunk 6% last year, and the creditors the EU, IMF, World Bank) are demanding even more pain from unions that are already rioting over the previous demands for their fat wages and pensions to be reduced.
The latest demands of creditors is that the Greek minimum wage be reduced, and that the workers give up some paid holidays.
Good luck with THAT!
(There is a day of reckoning for nations that spend more than they make.)
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Filed under: Culture, Economics, International Events, Politics, Taxes, Unions, World Events Tagged: | creditors, day of reckoning, greek economy, minimum wage, wages and pensions
