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Monday, July 6, 2026

New austerity measures to hit Greeks also in 2014

Despite the government heralding the exit from the economic crisis and the primary surplus celebrations, a series of austerity measures will hit Greeks also in 2014. Until the end of the year, Samaras-Venizelos coalition government has to:

lay-off 11,000 civil servants

decrease the supplementary pensions

eventually decrease the main pensions

The loan agreements are here to stay and be implemented.

PS No salary increase is expected as the Memorandum of Understanding freezes wages until 2018

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