nick venedi

Wednesday 5 October 2011

Greek economy

The drastic measures imposed on the people of Greece by the PASOK Socialist government and the EU Troika mean that more than 30,000 public sector workers will lose their jobs.

In addition the government may not be able to pay out salaries and pensions by the end of October if the 6th instalment of the loans isn't paid out by the EU. There are confusing messages coming out from Athens. The Finance Minister E Venizelos insists that there is no prospect of a Greek default or Greece leaving the Euro zone, on the other hand certain sections of the Greek press are discussing partial default.

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