Greek Parliament debates omnibus bill that opens way for 2,000 civil service layoffs

Apr 28, 2013 Full story: MacLeans 6

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Since: May 12

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#1 Apr 28, 2013
CNN say it will be 15,000 layoffs by the end of 2014. The Greek government says the economy is recovering.

Since: May 12

Location hidden

#2 Apr 28, 2013
Filipsamovich wrote:
CNN say it will be 15,000 layoffs by the end of 2014. The Greek government says the economy is recovering.
Apparently 2,000 civil servants will be laid off immediately with the total rising to 15,500 by the end of 2014. Layoffs and less jobs mean less consumer spending, less taxes paid and higher welfare expenses. Maybe the theory is that these people do not pay their taxes and that they are already on welfare. Just a thought.

Since: May 12

Location hidden

#3 Apr 28, 2013
Filipsamovich wrote:
<quoted text>
Apparently 2,000 civil servants will be laid off immediately with the total rising to 15,500 by the end of 2014. Layoffs and less jobs mean less consumer spending, less taxes paid and higher welfare expenses. Maybe the theory is that these people do not pay their taxes and that they are already on welfare. Just a thought.
By the way, this bill has been approved by the Greek Parliament.
Andartis

Scarborough, Canada

#4 Apr 28, 2013
"Less jobs mean less consumer spending, less taxes paid and higher welfare expenses."
Exactly, austerity only fuels death spiral, recovery is nonsense, they only are patronizing the brutal lenders.
After the financial lebensraum in Cyprus the forth Reich is doing well in this oxymoron of a union.
When Alex gets elected, this would all change, However, it will be all over well before then when, not if, Italy moons the German banks. This is why Germany is patronizing Spain and Italy but neither country is stupid to fall for it, more news is inevitable. Bet on it.

Since: May 12

Location hidden

#5 Apr 28, 2013
Andartis wrote:
"Less jobs mean less consumer spending, less taxes paid and higher welfare expenses."
Exactly, austerity only fuels death spiral, recovery is nonsense, they only are patronizing the brutal lenders.
After the financial lebensraum in Cyprus the forth Reich is doing well in this oxymoron of a union.
When Alex gets elected, this would all change, However, it will be all over well before then when, not if, Italy moons the German banks. This is why Germany is patronizing Spain and Italy but neither country is stupid to fall for it, more news is inevitable. Bet on it.
Exactly. I agree that austerity does not work. Also, the people profiting the most from Greece's current problems are the Germans who helped cause these problems. German banks have most of the "smart money" that left the Greek banks. I wish I knew a solution.

Since: May 12

Location hidden

#6 Apr 29, 2013
Filipsamovich wrote:
<quoted text>
Exactly. I agree that austerity does not work. Also, the people profiting the most from Greece's current problems are the Germans who helped cause these problems. German banks have most of the "smart money" that left the Greek banks. I wish I knew a solution.
I neglected to post that the Reinhart and Rogoff analysis that members of the US Congress used to justify austerity is fatally flawed. When corrected the numbers actually prove that austerity does not work!

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