Piotr Bein's blog = blog Piotra Beina

04/07/2016

GREECE – Wages and Pensions Slashed as New Round of Austerity Begins

Filed under: Uncategorized — grypa666 @ 23:59

The Ugly Truth

greece tragedy

GREEK REPORTER – The summer of 2016 turns out to be another summer of discontent for Greek pensioners and wage earners who see their incomes slashed, as a new round of austerity begins after the imposition of the new bailout program measures.

It was exactly the same time last year (June 28) when Greeks found that the banks were closed and capital controls were imposed, continuing through today. This year, the end of June found wage earners and pensioners fuming or despairing in front of the ATM when they saw that their bank balances where lower than anticipated. And for hundreds of thousands of pensioners, the amounts were significantly less, even 48 percent lower in some cases.

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