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Tag Archives: cuts

PM Tsipras sets key priorities in first cabinet meeting, advises ministers to live “frugal”

Greece’s new PM Alexis Tsipras presented his government’s key priorities in the first meeting of the new cabinet on Wednesday. The key priorities include measures to tackle the country’s humanitarian crisis, restarting the economy and clashing with vested interests. However it is interesting to see also what he advised his …

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Shock in Patras school: teacher cuts his wrists in front of students

A teacher in amok, students in shock. Ateacher in a high school class went out of control and started to cut his arms, from the wrist to the elbow, with a paper cutter in front of screaming children in the classroom. Amid students’ screams and cries, the teacher spread the …

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LOL Ex-Minister complains about cuts in MPs’ salaries and allowances

Ex minister for Health and Nea Dimokratia MP Adonis Georgiadis complained about the cuts in MP’s pay and perks. “Greek MPs have suffered the biggest cuts in their salary and allowances than any other branch in the government,” he claimed adding “the salary cuts reached 60% and the parliamentary pensions …

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Greece’s retail workers threatened with 35%-55% wages cuts

That’s a bad Halloween trick for the half a million Greek retail workers. As the collective bargain expired and the Troika forbids a new collective bargain, they are threatened with wages cuts reaching from -35% up to -55%. Employers will be glad to force their employees to sign individual employment …

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Greek Gov’t & Troika to grab the daily bread out of the mouth of low-pensioners

Greek government and the Troika plans to cut even low pensions of 486 euro per month as the hole in the country’s biggest insurance fund IKA has reached one billion euro. According to daily Eleftherotypia, the plan foresees cuts of 1) 15 euro per month in 486-euro pensions for private sector. The …

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Greek Gov’t Rules Spending Controls & Wages-Pension Cuts Bypassing the Parliament

With two legislative actions and fourteen ministerial decisions the Greek government caused serious damage to two state powers of a sovereign state:  the Legislative and the Executive. Bypassing the Parliament, the government drafted legislative actions that give the Finance Minister super powers. Inspectors at ministries, local governments and public utilities enterprises will monitor …

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Every Month Greek PPC Cuts Electricity to 30,000 Customers

Greek economic crisis forces more and more people to a life without electricity. Debts and shiccored incomes, unemployment, rising costs. No wonder that people are unable to pay utility bills. And especially the most expensive one: the electricity bill. Apart from the pure electricity amount to be paid for consumption …

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Greece’s Creditors Dispute on Greek Bailout, While Germans Speak of Fresh Debt Restructuring

Greece’s economy, debts, loans and inability to take the problems under control spark fierce discussions not only among the locals like taxpayers and tax-evaders, unionists and unemployed, employees and pensioners, representatives of political parties. Equally involved in the dispute are the country’s international and European creditors, taxpayers around Europe and economists. However …

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Greek Employees, Pensioners & Patients to Pay for Troika Austerity – Again!

It’s the same old Greek story: Employees, pensioners and patients will mainly pay for the Troika austerity measures. A package of 11.5 billion euro for the years 2013-2014 and additional measures of 3 billion euro for 2012 to cover up missed fiscal targets. Employees, pensioners and patients will have to …

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