I wrote a couple of weeks ago regarding the pledge of the new govenrment in Greece not to fire anymore government employees.
Today the government has gone one step further and has pledged not to cut the pay of public sector employees and they will also not reduce their pensions.
I’m not sure how the Greek government thinks it is going to shrink the Greek government if it is not prepared to lay off anymore employees.
If the outside world needed anymore evidence that the Greek government is a joke, this is that evidence.
The Troika would do Greeks a massive favour is they simply stopped bailingout the Greek government, it is clearly not serious about balancing the books and seems to determined to completely decimate the private sector.
If the Troika continue to subisdise a regime whose plans are clearly so slef destructive then I think serious questions have to be asked as to the motives of the Troika.
The Greek government is 100% responsible for it’s plans, but for the Troika to sponsor these measures is irresponsible at best and immoral at worst.
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