feb 1, 2012 - February 2012 – 2nd Memorandum
Description:
Further reforms in the labor market are a condition for the reduction of government debt (PSI) and the conclusion of a new 130 billion Euros loan agreement. The most important of these interventions are: 1. the gradual but rapid reduction by administrative legislative measures of labor costs in the private sector, Law 4046/12 and 2. the drastic horizontal reduction of the minimum wage of the National General Collective Labor Agreement, as well as of the salaries of collective bargaining agreements through a Council of Ministers Act. No. 6 / 28-2-2012.
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