Showing posts with label Labor. Show all posts
Showing posts with label Labor. Show all posts

Wednesday, September 5, 2012

Longer working week suggested for Greece

Greece's international lenders have suggested measures including increasing the maximum working week to six days.
It is one of several unofficial proposals to liberalise the labour market and increase government revenue, contained in a paper seen by the BBC.
The proposals were not included in the original bailout agreement signed with the Greek government.
Inspectors from the EU, IMF and European Central Bank, known as the troika, are due in Greece this week.
They are writing a report, due in October, that will decide whether Greece receives its next instalment of bailout funds.
Greece needs the next payment of 31.5bn euros ($39.6bn; £24.9bn) to allow it to continue servicing its debts.
Proposals in the document from the troika included:
  • Setting a single rate statutory minimum wage
  • Reducing regulatory burdens
  • Making work schedules more flexible
  • Setting a minimum daily rest of 11 hours
  • Eliminating restrictions on the minimum and maximum time between morning and afternoon shifts.
Also, on Wednesday, German Finance Minister Wolfgang Schaeuble ruled out a third package of aid for Greece, but stressed that it would be staying in the eurozone.
"The costs for Greece are already very high and therefore we cannot have a new programme for Greece," he