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Tag Archives: wages cuts

Greece’s Supreme Court: Wages Cuts for Judges & Prosecutors Against Constitution

While the Greek Parliament claims the austerity measures are compatible with the Constitution, the country’s Supreme Administrative Court decided they were ‘unconstitutional’ – at least some of them. The pleanary of Supreme Court (Areios Pagos) unanimously  ruled that the new cuts in judges’ and prosecutors’ wages were against the Greek Constitution. Under …

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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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Athens: Health Workers Protest with a …Coffin (video)

Several hundreds of public hospital personnel demonstrated on Thursday morning outside the Greek health Ministry in downtown Athens. Some of the angry protesters were holding a coffin…  other chanted “No to salaries of 2, 5, 10 and 20 euro!” Despite the rain and the freezing cold, the demonstrators followed the call of …

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No Wonder Greeks Protest and Launch Strikes…

Quite a number of foreigners -including media and some EU officials – seem to be unable to understand why Greeks lay down their work, go to the streets and protest. Caught in a series of never ending austerity measures that do not give them space to breath, trapped in a bureaucratic state …

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Impressive Protest by Greek Police Against Austerity (video)

A group of 50 border guards and special guards of the Greek Police (ELAS) climbed to Lycabettus Hill in downtonw Athens at 5:30 Monday morning and hung a huge banner to protest their wages cuts.  The banner, 25 meter long and 5 meter wide, reads: “ELAS mourns: Pay Day – Mourning Day”.  …

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IMF/EU/ECB to nail and tie Greece on fiscal discipline and measures

Greece’s lenders Troika is here to stay. It looks as if the representatives of International Monetary Fund, European Union and European Central Bank won’t leave Athens until they have tied down with nails and ropes Greece’s government officials on further economic measures and revenues increases. According to economic portal Capital.gr the Troika guys …

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Survey in Private Sector: Dramatic cuts in wages & personnel for 2011

This is a dramatic development in the private sector. One in ten companies plan to cut salaries in 2011, is the result of a survey conducted by the KPMG polling company. At the same time, 4 out of 10 companies will give ‘zero’ increases and will decrease the number of …

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