But never on Sunday! Says Greek Prime Minister Antonis Samaras, ‘This is the last such package of spending cuts...The Greek economy can take no more.’
By Christine Roberts / NEW YORK DAILY NEWS
Petros Karadjias/ASSOCIATED PRESS
Eurozone lenders say that Athens must introduce a six-day workweek, in addition to standardized minimum wage and overtime limits.
Greece may soon see one-day weekends if its government bows to its creditors’ demands.
Eurozone lenders say that Athens must introduce a six-day workweek in exchange for the country's second bailout, according to a leaked letter obtained by the Guardian.
The letter, written by the "troika" or the European Commission, European Central Bank and International Monetary Fund, also demands that Greece standardize both minimum wage and overtime limits.
EUROZONE COUNTRIES REACH AGREEMENT TO GIVE GREECE $170 BILLION IN EXTRA BAILOUT CASH
The demands come a week after Greece's Prime Minister, Antonis Samaras, promised that the spending cuts planned for 2013 to 2014 would be the country's last.
"This is the last such package of spending cuts," Samaras told members of his conservative party. "The Greek economy can take no more."
GREECE's HARSH NEW AUSTERITY MEASURES PROVOKE RIOT
Greece has pledged to fulfill the spending cuts as part of its commitment to its creditors, though many in the Eurozone have expressed concern that Samaras is far from meeting the fiscal requirements they have imposed.
Creditors asked Greece to cut $14.5 billion from its budget by June — a goal the country has not yet met, United Press International reported.
The budget must be cut before Greece receives more aid next month.
croberts@nydailynews.com
With Wire News Services
WATCH: GREECE URGED TO STICK TO REFORM PATH
Eurozone lenders say that Athens must introduce a six-day workweek in exchange for the country's second bailout, according to a leaked letter obtained by the Guardian.
The letter, written by the "troika" or the European Commission, European Central Bank and International Monetary Fund, also demands that Greece standardize both minimum wage and overtime limits.
EUROZONE COUNTRIES REACH AGREEMENT TO GIVE GREECE $170 BILLION IN EXTRA BAILOUT CASH
The demands come a week after Greece's Prime Minister, Antonis Samaras, promised that the spending cuts planned for 2013 to 2014 would be the country's last.
"This is the last such package of spending cuts," Samaras told members of his conservative party. "The Greek economy can take no more."
GREECE's HARSH NEW AUSTERITY MEASURES PROVOKE RIOT
Greece has pledged to fulfill the spending cuts as part of its commitment to its creditors, though many in the Eurozone have expressed concern that Samaras is far from meeting the fiscal requirements they have imposed.
Creditors asked Greece to cut $14.5 billion from its budget by June — a goal the country has not yet met, United Press International reported.
The budget must be cut before Greece receives more aid next month.
croberts@nydailynews.com
With Wire News Services
WATCH: GREECE URGED TO STICK TO REFORM PATH
No comments:
Post a Comment