onenikos
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Further Update on Greece
The package and accompanying measures will be officially announced today (Sunday) in Greece. The package is in the environ of 120Bn Euro. On the other hand, Austerity measures are phenomenal for Greece and include 25% VAT, aprox. 20% cuts on salaries of the public sector, and (this is important) around 20% cut on all pensions. With average pension in Greece about 700 Euro per month and average wages approx. 800 Euro the Unions are already reacting: Massive 1st of May demonstration, and announcement of general Strike (that means all) announce for this coming Wednesday. Therefore, I go along with Sive's analysis and comments.
The package and accompanying measures will be officially announced today (Sunday) in Greece. The package is in the environ of 120Bn Euro. On the other hand, Austerity measures are phenomenal for Greece and include 25% VAT, aprox. 20% cuts on salaries of the public sector, and (this is important) around 20% cut on all pensions. With average pension in Greece about 700 Euro per month and average wages approx. 800 Euro the Unions are already reacting: Massive 1st of May demonstration, and announcement of general Strike (that means all) announce for this coming Wednesday. Therefore, I go along with Sive's analysis and comments.
