Greece’s Finance Ministry says a key body monitoring the country’s international bailout has approved paying the next batch of rescue loans.
Trying to avoid comparisons with Argentina’s record of default Prime Minister Antonis Samaras said Greece won’t suffer the same fate.
Four years of brutal austerity measures in Greece has wiped out more than 130,000 businesses, while only 45,000 opened.
Prime Minister Antonis Samaras has given the go-ahead for the police, military, and uniformed officers to be exempt from austerity.
Greeks love gambling, and so many of them do it through unlawful betting that it’s costing the state more than 5 billion euros annually.
Greek workers have protested firings, at the same time the government is moving to restore the pay of uniformed officers to obey a court order.
Record unemployment and closed businesses are causing a problem with Greece’s pension system, that is facing a reported gap of two billion euros.
Even if they get lousy service, Americans leave tips in Greece, and are among the most generous among visitors who leave 100 million euros a year.
Envoys from Greece’s international lenders will return this week as Greek Prime Minister Antonis Samaras’ coalition administration girds for questions over delayed reforms.
Unpaid by the state, which is withholding payments, Greece’s government is losing 16 billion euros annually because the businesses fail or fire workers.