Greece set to cut chief executives’ pay

Greece cut salaries of chief executives at state-controlled corporations on the 9 February 2010 as part of new tax and income measures aimed at reducing the budget deficit and averting an international bail-out.

There will also be a pay freeze and a 10% in allowances that together amount to a 4% pay cut for more than 500,000 public sector workers.

The measures came at a tense moment in Greece with two days of strikes and demonstrations starting on the 10 February 2010 by civil service and communist-led unions in protest against the Socialist government’s austerity programme.

BBC News, 10.2.10: Greece's PM vows to slash huge government deficit http://news.bbc.co.uk/1/hi/world/europe/8509058.stm

Kathimerini, 10.2.10: Tax and spending policy ready http://www.ekathimerini.com/4dcgi/_w_articles_politics_100002_10/02/2010_114784

Kathimerini, 10.2.10: Building a state that functions (editorial) http://www.ekathimerini.com/4dcgi/_w_articles_columns_100018_10/02/2010_114776

Le Figaro, 11.2.10: Time for painful changes (as translated in PressEurop) http://www.presseurop.eu/en/content/article/188931-time-painful-changes

Deutsche Welle, 10.2.10: Greece unions go on strike to protest spending cuts http://www.dw-world.de/dw/article/0,,5233958,00.html

BBC News, 9.2.10: Greece plans to ban early retirement http://news.bbc.co.uk/1/hi/world/europe/8506142.stm

Kathimerini, 9.2.10: Tax policy tweaked as strike action looms http://www.ekathimerini.com/4dcgi/_w_articles_politics_100007_09/02/2010_114754

France24, 10.2.10: Government workers strike to protest wage cuts http://www.france24.com/en/20100210-greece-strike-government-bonus-cuts

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