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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEurozone demands six-day week for Greece
Source: The Guardian
Ian Traynor in Brussels
guardian.co.uk, Tuesday 4 September 2012 20.37 BST
Greece's eurozone creditors are demanding that the government in Athens introduce a six-day working week as part of the stiff terms for the country's second bailout.
The demand is contained in a leaked letter from the "troika" of the country's lenders, the European commission, European Central Bank, and International Monetary Fund. In the letter, the officials policing Greece's compliance with the austerity package imposed in return for the bailout insist on radical labour market reforms, from minimum wages to overtime limits to flexible working hours, that are likely to worsen the standoff between the government and organised labour in Greece.
After a long delay caused by months of political paralysis in Greece, the troika inspectors return to Athens this week to scrutinise Greek observance of its bailout terms. They are expected to deliver a verdict next month that will determine whether Greece is ultimately allowed to remain in the single currency.
The letter, sent last week to the Greek finance and labour ministries, orders the government to extend the working week into the weekend.
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Read more: http://www.guardian.co.uk/business/2012/sep/04/eurozone-six-day-week-greece
aquart
(69,014 posts)Vincardog
(20,234 posts)OH yeah the Banksters and IMF whose gambling addiction caused the financial meltdown.
We should think about extended work hours AFTER they the Banksters complete their prison terms and have their criminal enterprises broken up and or nationalized.
Nikia
(11,411 posts)Wouldn't it be better to have more people working fewer hours than fewer people working more hours.
Canuckistanian
(42,290 posts)Thom Hartmann suggested the very same thing for Greece and all the other countries plagued with debt.
He suggested that a CAP of say, 35 hours be put on workers... then hire more workers.
Unemployment goes down, money becomes more fluid, demand goes up and the economy picks up again.
This idea that working longer hours will help anything is madness.
marmar
(77,091 posts)nt
DeSwiss
(27,137 posts)But do they still have to go to work if they're unemployed?
- These sick bastards are out of their minds. It's a good thing it's all about to crash into oblivion anyways......
K&R
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