Tagged: economy

Greece needs money.

The economic situation in Greece is tough nowadays.People are protesting in Greece. Pensioners do not get proper medical care and treatment. Doctors are not paid for a long period of time. Salaries and pensions are reduced. Authorities are not willing to meet furious demonstrators. Workers face salary cuts. Thus university professors have to accept the following proposal, “the proposed cuts are: five percent on those earning up to 1 000 euros monthly; 15 percent on earning between 1 001 and 1500; 25 percent on salaries between 1500 and 2500 euros and 30 percent on all incomes above 2501 euros”. It became known that Greece authorities are going to calculate German war reparations. Greeks are ready to fight with Germans. They are sure that Germany owes them pretty much. “The German reparations are a particularly complex legal issue and subject to study and settlement at an international level in accordance with the rules of international law. The case is still outstanding, and as a country we reserve the right and possibility to manage it to a satisfactory conclusion”, says Deputy Finance Minister Christos Staikouras.

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