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Eugene

(61,919 posts)
Tue Sep 4, 2012, 04:50 PM Sep 2012

Eurozone demands six-day week for Greece

Source: The Guardian

Eurozone demands six-day week for Greece

Ian Traynor in Brussels
guardian.co.uk, Tuesday 4 September 2012 20.37 BST

Greece's eurozone creditors are demanding that the government in Athens introduce a six-day working week as part of the stiff terms for the country's second bailout.

The demand is contained in a leaked letter from the "troika" of the country's lenders, the European commission, European Central Bank, and International Monetary Fund. In the letter, the officials policing Greece's compliance with the austerity package imposed in return for the bailout insist on radical labour market reforms, from minimum wages to overtime limits to flexible working hours, that are likely to worsen the standoff between the government and organised labour in Greece.

After a long delay caused by months of political paralysis in Greece, the troika inspectors return to Athens this week to scrutinise Greek observance of its bailout terms. They are expected to deliver a verdict next month that will determine whether Greece is ultimately allowed to remain in the single currency.

The letter, sent last week to the Greek finance and labour ministries, orders the government to extend the working week into the weekend.

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Read more: http://www.guardian.co.uk/business/2012/sep/04/eurozone-six-day-week-greece
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Eurozone demands six-day week for Greece (Original Post) Eugene Sep 2012 OP
Yeah, that'll work. aquart Sep 2012 #1
Who exactly "orders the government" to impose slave like conditions on its' citizens? Vincardog Sep 2012 #2
If unemployment is high, how is that going to help? Nikia Sep 2012 #3
Exactly Canuckistanian Sep 2012 #5
Who needs gangster loansharks when you have the ECB, the EC and the IMF? marmar Sep 2012 #4
Sixth days of work??? DeSwiss Sep 2012 #6

Vincardog

(20,234 posts)
2. Who exactly "orders the government" to impose slave like conditions on its' citizens?
Tue Sep 4, 2012, 05:06 PM
Sep 2012

OH yeah the Banksters and IMF whose gambling addiction caused the financial meltdown.
We should think about extended work hours AFTER they the Banksters complete their prison terms and have their criminal enterprises broken up and or nationalized.

Nikia

(11,411 posts)
3. If unemployment is high, how is that going to help?
Tue Sep 4, 2012, 05:42 PM
Sep 2012

Wouldn't it be better to have more people working fewer hours than fewer people working more hours.

Canuckistanian

(42,290 posts)
5. Exactly
Tue Sep 4, 2012, 05:47 PM
Sep 2012

Thom Hartmann suggested the very same thing for Greece and all the other countries plagued with debt.

He suggested that a CAP of say, 35 hours be put on workers... then hire more workers.

Unemployment goes down, money becomes more fluid, demand goes up and the economy picks up again.

This idea that working longer hours will help anything is madness.

 

DeSwiss

(27,137 posts)
6. Sixth days of work???
Fri Sep 7, 2012, 07:33 PM
Sep 2012

But do they still have to go to work if they're unemployed?

- These sick bastards are out of their minds. It's a good thing it's all about to crash into oblivion anyways......

K&R

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