Posts Tagged “bailout loan”

The Greek government has committed to firing 15,000 people by the end of 2014 and transferring another 12,500 to new positions this year. The New Democracy-led coalition government submitted the omnibus bill to parliament late on Tuesday night, which includes details of public sector staff cuts, which the troika has insisted on in return for a €6.8bn tranche of bailout loans. The transfers include 2,200 school security personnel; 3,500 members of the Athens municipal police, which will then be disbanded and absorbed into Greece’s police force; at least 2,000 local government employees; 1,500 teachers; and employees of various ministries… Read the rest of this entry »

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