GREEKS to PAY to WORK?
by Alexander Abad-Santos / Feb 22, 2012
It’s being called the “negative salary”: Due to austerity measures in Greece, it’s being reported that up to 64,000 Greeks will go without pay this month, and some will have to pay for having a job. Numbers in austerity reports have usually reflected figures in the millions, since they reflect industry-wide cuts (i.e. a 537-million euro cut to health and pension funds). And plans of cutting minimum wage by up to 32% is all but a given in the country. Today’s “negative salary” deal—which could have government employees returning funds— reveals the real human impact of the austerity measures.
Salary cutbacks (called “unified payroll”) for contract workers at the public sector set to be finalized today. Cuts to be valid retroactively since november 2011. Expected result:…
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