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18 Jul 2013
Greece approves public workers' layoff scheme to comply with 'troika'
FXstreet.com (Barcelona) - During late Wednesday, the bipartisan government of Greek Prime Minister Antonis Samaras managed to pass a controversia new package of austerity measures demanded by the Troika (European Commission, European Central Bank, International Monetary Fund) so that the fractured country can continue to secure more funding.
The approval was achieved by a marginal majority of only 153 coalition deputies. The new measures include the cut in public servants jobs of up to 15,000 positions by 2015, with 4,000 having to be made redundant this year.
As Greek newspaper Ekathimerini notes: "The bill includes deeply divisive plans for a transfer and layoff scheme for 25,000 public workers - mainly teachers and municipal police - that had triggered a week of almost daily marches, rallies and strikes in protest."
The approval was achieved by a marginal majority of only 153 coalition deputies. The new measures include the cut in public servants jobs of up to 15,000 positions by 2015, with 4,000 having to be made redundant this year.
As Greek newspaper Ekathimerini notes: "The bill includes deeply divisive plans for a transfer and layoff scheme for 25,000 public workers - mainly teachers and municipal police - that had triggered a week of almost daily marches, rallies and strikes in protest."