Greece promises immediate job cuts

Author (Person)
Series Title
Series Details 8.9.11
Publication Date 08/09/2011
Content Type

Greece’s Finance Minister Evangelos Venizelos told the Greek parliament on the 6 September 2011 that he would implement job cuts immediately in the country’s bloated public sector after international lenders turned up the heat on the socialist government.

Mr Venizelos’s policy switch followed warnings by Greece’s international lenders that foot-dragging on structural reform would no longer be tolerated. Athens was already lagging behind on 2011 fiscal targets and pressure was mounting on eurozone nations to address its debt crisis.

Related Links
ESO: Background information: Greek bail-out talks stall http://www.europeansources.info/record/greek-bail-out-talks-stall/
Kathimerini, 6.9.11: EU turns up pressure on Greece http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_6731_06/09/2011_405174
Kathimerini, 7.9.11: Country in a state of emergency (editorial) http://www.ekathimerini.com/4dcgi/_w_articles_wsite3_1_07/09/2011_405268
BBC News, 7.9.11: Greece 'to speed up cost-cutting work' http://www.bbc.co.uk/news/business-14816627

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