Doubling down on austerity

Posted: 6 September 2012 in Uncategorized
Tags: , ,

While unemployment in Greece soars above 24 percent, and pensioners are occupying the Health Ministry, the coalition government is hammering out a new ($14.4 billion) austerity package for 2013-14, demanded by rescue creditors from other eurozone countries and the International Monetary Fund.

The new cuts, though not yet finalized, are likely to see further cuts to benefits as well as pensions and several groups of employees on the state payroll, including the police, as well as an increase in the private-sector work week to six days.

And this is going to get Greece out of the current mess how?

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