may 1, 2010 - May 2010 – 1st Memorandum (Ν.3845/10)
Description:
A series of structural measures to achieve "finance consolidation” and to "enhance the competitiveness of the Greek economy" were put in place as a condition for borrowing to cope with the country’s debt and the threat of bankruptcy. The key was to gain flexibility in the labor market: in particular – «flexibility in the size of employment (number of employees – facilitating lay-offs), in content, in the configuration of working time and in the amount of pay”. This undermined the validity and scope of free collective bargaining between the social partners to reach collective bargaining agreements.
Added to timeline:
Memorandumland
Date:
