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Tag Archives: cut

Greece’s labor market: “Galley conditions” as unemployment still at 24.2% and minimum wage is going down

I read today that unemployment in Greece dropped down to 24.2% in February 2016. In comparison, general unemployment was at 24.4% in January 2016 and 25.8% in February 2015. That’s definitely good news even though I am not sure about the correspondence of real people to a percentage difference of …

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“Heating allowance”: Austerity mind-set thinks poor Greeks freeze less in the South

This year’s ‘heating allowance’ for the poor and the needy will be cut by 50%. The total amount from the state budget will drop from €210 million last winter down to just €105 million. Blame the austerity, the bailout programs, the prior actions  and the shortage of liquidity. In the …

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EU Commission stopped funds for Greece’s ERASMUS program?

That’s an interesting development in the context of the negotiations between Greece and its creditors, one of them being the European Commission. While there are several hints* that the EC is deliberately cutting the flow of structural funds to Greece. The news comes from Italy and thus from the official …

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Greek Parliament cuts state funding to Golden Dawn

With overwhelming majority of 241 lawmakers, Greek parliament voted in favor of cutting state funding to Golden Dawn. Party leader Nikos Michaloliakos and two MPs remand custody and two other were released on bail, are facing charges of forming a criminal organization. The voting was referring to suspension of the …

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