NEWS: Greek wages on the line….

PM tells unions changes to salaries, minimum rate needed as part of bailout deal Greece might have to reduce its minimum wage and private sector workers could have to accept severe salary cuts as part of the reforms needed to secure funding without which the country is likely to go bankrupt by March, Prime Minister […]

Greece will leave euro if second bailout fails, says Kapsis

  Greece will have to leave the eurozone if it fails to clinch a deal on a second, 130 billion euro bailout with its international lenders, a government spokesman said on Tuesday. It was an unusually public stark warning from the embattled country, aimed at shoring up domestic support for tough measures and possibly also […]