banking sector Archives - Keep Talking Greece

Luxembourg’s Foreign Minister accuses Germany of “euro zone hegemony”

March 26, 2013 Economy Comments Off on Luxembourg’s Foreign Minister accuses Germany of “euro zone hegemony”

Luxembourg’s foreign minister accused Germany on Tuesday of “striving for hegemony” in the euro zone by telling Cyprus what business model it should pursue. Like Cyprus, Luxembourg has a large financial sector, whose comparatively light-touch tax and regulatory regime has long irked its much bigger neighbors Germany and France. “Germany …

Are the Banks behind the Labour Middle Ages in Greece?

October 23, 2012 Economy, Society 2

What has being circulating like a rumor in recent weeks, it slowly started to appear in news portals and blogs, even though hardly in mainstream media: That the overthrown of labour rights in private sector is due to proposals tabled by the Greek banks and not directly by the Troika. When …

BoG: Greek Bank Employees to Work More for Less Salary

April 20, 2012 Economy Comments Off on BoG: Greek Bank Employees to Work More for Less Salary

The first employees’ fortress fell on the altar of Memorandum of Understanding II. Once powerful banking sector union had to bow to the dictates of the times. Employees at the Bank of Greece ‘broke’ the collective bargain and agreed to 17% wages and allowances cuts and increase of the working hours. Bank employees …

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