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2010-02-17 Europe

Greek FinMin unveils tax reform, wage policy

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Posted by tipper 2010-02-17 02:08|| || Front Page|| [3 views ] Top

#1 From the Wall Street Journal, Greek Finance Ministry Officials Strike:

A week of labor protests in Greece began with workers from the finance ministry protesting salary cuts as part of the finance minister's ambitious three-year austerity program. "What we are protesting is the reduction in wages and also the elimination of the autonomous tax rate enjoyed by ministry employees," said Yiorgos Samaris, president of the Federation of Unions of the Finance Ministry, known as OSYO.

Among the measures adopted by the government is a wage freeze in the public sector, a 10% across-the-board cut in civil-service bonuses, and an end to preferential tax rates enjoyed by many civil servants and other professions like taxi drivers and engineers.

Combined, the cut in bonuses and the end of preferential tax rates means that many of Greece's better-paid civil servantslike customs officials, tax collectors and Finance Ministry employeeswill see their wages cut by as much as 25% in real terms.

Posted by trailing wife 2010-02-17 19:50|| 2010-02-17 19:50|| Front Page Top

#2 wonder about our former Greek "person". He was destined for an overly-officious bureaucratic position way over his competence level

Posted by Frank G 2010-02-17 20:06|| 2010-02-17 20:06|| Front Page Top

#3 He's explaining to all his chums how this whole mess is the fault of the Americans.

Posted by Nimble Spemble 2010-02-17 21:16|| 2010-02-17 21:16|| Front Page Top

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