Greek labor minister says IMF demands are ‘unreasonable’

9 February 2017
893 Views

The International Monetary Fund’s stance on the Greek bailout is “problematic” and its demands of the cash-strapped country “unreasonable,” Labor Minister Efi Achtsioglou said on Thursday.

Speaking after a visit to the Labor Inspection Corps in Alexandroulpoli, northern Greece, the minister who holds of the country’s stickiest portfolios said the IMF’s demand for the upfront legislation of measures to be passed if Greece fails to hit targets at the end of the bailout program is “economically unreasonable.”

The government’s aim, she said, is to wrap up the pending bailout review as soon as possible so that Greece can join the European Central Bank’s quantitative easing (QE) program and “consolidate the trend of improvement seen in the Greek economy this past year.”

“For our part, we have already implemented nearly 80 percent of the prior actions. Only labor reform is still pending precisely because of this disagreement,” Achtsioglou said.

Her priority, she said, “is to put a brake on the autocratic practices of employers, which have intensified recently, mainly as a result of the disintegration of the institutional framework of labor relations in the 2010-2014 period.”

The minister reiterated the government’s aim to reintroduce collective labor bargaining – something the country’s creditors are staunchly opposed to – arguing that this would “provide workers with a safety net and create the conditions for healthy competition between businesses.”

She said that collective contracts are an effective way of curbing illegal practices and would ultimately benefit the social security system by ensuring an inflow of resources to cash-strapped funds and “creating a sense of normality in the economy.”

You may be interested

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices
GREECE
shares29 views
GREECE
shares29 views

The first Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy by Aeroservices

Panos - May 07, 2021

The first upgraded Aegean Hawk S-70 helicopter was delivered to the Hellenic Navy today, Thursday 6 May. The work on…

Foreigners looking to buy Greek property amid Covid-19 pandemic
FINANCE
shares42 views
FINANCE
shares42 views

Foreigners looking to buy Greek property amid Covid-19 pandemic

Panos - May 07, 2021

Despite the pandemic, the demand for a permanent holiday home in selected destinations in Greece by foreigners is on the…

Greek Taxisnet services not available for citizens over weekend
FINANCE
shares36 views
FINANCE
shares36 views

Greek Taxisnet services not available for citizens over weekend

Panos - May 07, 2021

Online services on the Taxisnet platform system will not be available to taxpayers over the weekend due to scheduled upgrading.…

Leave a Comment

Your email address will not be published.