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View Full Version : 100,000 Greek Public Sector Workers Face Axe to Save Nation



megimoo
09-19-2011, 11:11 PM
The Greek government has been warned it must forge ahead with hardline spending cuts to secure the crucial next tranche of its international bail out funding. The country is facing demands to sack 100,000 public sector workers - 20,000 more than anticipated - to curb its massive borrowing levels.
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The IMF representative for Greece, Bob Traa, said: "The public sector is very large. Another central element in our view must be to reduce public sector spending. "This will inevitably require the closure of inefficient state entities as well as reductions in the excessively large public sector workforce
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The IMF representative for Greece, Bob Traa, said: "The public sector is very large. Another central element in our view must be to reduce public sector spending.

"This will inevitably require the closure of inefficient state entities as well as reductions in the excessively large public sector workforce and generous public sector wages, which in some cases are above those of the equivalent private sector workers.".....The bail out loan comes with the condition that Greece dramatically reduce its deficit, something that it plans to do by cutting the size of the state sector through redundancies, pay cuts and privatisations.

http://thescotsman.scotsman.com/news/100000-Greek-workers-face-axe.6839280.jp