Greece -A crisis of insolvency feared -February 22, 2013

The austerity policies could create a crisis of insolvency, undermining the very reason they were implemented - to repay the country's debt - says the country's biggest trade union confederation. People can't pay their taxes. That's why state revenue fell 300 million euros short of January targets. If that continues, it is questionable whether the state will be able to meet its obligations by June or July. It may not have the cash to pay salaries and pensions.

English: http://www.aljazeera.com/indepth/features/2013/02/2013 ...  

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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