The dust is beginning to settle in Athens following the approval of mass layoffs of government workers by the parliament on Sunday.
Over 15,000 people face redundancy by the end of next year in a move which overturns the constitutional guarantee for civil servants to have a job for life.
The move was was necessary for Greece to receive 8.8 billion euros of bailout money from the European Union and International Monetary Fund, but opinion remains divided on the streets in Athens.
“Look, some people have to go if they got in based on fake qualifications and their connections to politicians. They’ll do well to go home. It’s about time this disgrace was put to an end,” said Christos Hatyziliades.
One man felt the layoffs were counterproductive: “When a person who does their job is fired, you can’t be happy about it. Because after that, what kind of growth can we talk about when you don’t have consumers?”
Chosen excerpts by Job Market Monitor
Parliament Passes Plan for Layoffs in Greece
Greece’s Parliament late Sunday approved a contentious plan to dismiss 15,000 civil servants by the end of next year as part of a new package of economic measures that the country must enforce to clinch crucial financing from foreign creditors.
Euro zone officials meeting in Brussels on Monday are expected to approve the release of about 2.8 billion euros, or about $3.65 billion, in loans. The money had been due in March but was delayed after negotiations between Greece and the so-called troika of its foreign lenders stalled over the lenders’ demands for civil service cuts.
The troika, which comprises the European Commission, the European Central Bank and the International Monetary Fund, has been meting out aid in exchange for belt-tightening measures. They are to decide on another six-billion-euro installment in May, assuming Greece adopts further reforms, including an overhaul of a tax collection system.
Chosen excerpts by Job Market Monitor
GREECE cleared an important hurdle in its drive to receive its next batch of bailout loans after international debt inspectors said yesterday that they had reached an agreement over the country’s economic reforms, including the firing of thousands of civil servants. The review by delegates from the International Monetary Fund (IMF), European Commission and European … Continue reading »
Greece / Long-term unemployment soars: More than six out of every 10 jobless people have been out of work for over a year
More than six out of every 10 jobless people in Greece have been out of work for over a year, according to Hellenic Statistical Authority (ELSTAT) data published on Thursday. Fourth-quarter figures for 2012 put the unemployment rate at 26 percent, from 24.8 percent in the previous quarter and 20.7 percent a year earlier. The … Continue reading »
Greece is locked in talks with international creditors in Athens about shrinking the government workforce by enough to keep bailout payments flowing. Identifying redundant positions and putting in place a system that will lead to mandatory exits for about 150,000 civil servants by 2015 is a so-called milestone that will determine whether the country gets … Continue reading »
Officials say talks this coming week between crash-strapped Greece and its international creditors will focus heavily on the possibility of public sector layoffs. Representatives of the creditors – the European Commission, the European Central Bank and the International Monetary Fund – held preliminary talks with Greek finance officials Sunday but reached no decisions. Three Finance …Continue reading »
Europe’s lost generation / Youth unemployment exceeds 60 percent in Greece, is above 50 percent in Spain and tops 40 percent in Portugal
Children across Europe are being driven into poverty by harsh government austerity and youth unemployment is soaring, threatening to create “lost generations” that could fire up a new continental crisis. Global charity Caritas said on Thursday that around three out of every 10 children in Greece, Ireland, Portugal, Italy and Spain are in or have … Continue reading »
The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in December 2012, stable compared with November. The EU27 unemployment rate was 10.7%, also stable compared with November. In both zones, rates have risen markedly compared with December 2011, when they were 10.7% and 10.0% respectively. These figures are published by Eurostat, the statistical office of the European Union. Eurostat … Continue reading »
The number youths aged between 15 and 24 out of work in October rose to 56.6pc, compared with 22.1pc in the same month four years ago, statistics service ELSTAT said. Greece’s jobless rate has almost tripled since September 2009 as the country’s debt crisis emerged, and is more than double the average rate in the … Continue reading »