cuts in expenditures
Economy
11,000 Public Sector Job Cuts Still Due 2014, 45,000 At Risk
With the Troika due to return to Greece immediately after the European elections, the Ministry of Administrative Reform in Athens is trying to catch up with the 11,000 public sector dismissals slated for 2014, lest bailout funds be withheld.
Hundreds of contracts expire within months, but thousands more...
Economy
ΙΜE/GSEVEE Survey Shows Greeks Reduce Food Expenditures To Pay Bills
According to the latest survey conducted by the Institute of Small Enterprises (IME/GSEVEE) in cooperation with MARC Company, six out of ten Greek households are unable to pay their monthly utility bills (electricity, water), taxes and bank loan tranches.
In...