The standard of living for the people of Greece has dropped dramatically since the signing of the first “memorandum” — the agreement signed by the Panhellenic Socialist Movement (PASOK) government with the IMF and European Union (EU) representatives last May.
The agreement has meant — among other things — unprecedented salary cuts, a rise in the allowed number of dismissals and a reduction in termination pay, and a cut in the minimum wage for those entering the workforce.
Afrodity Giannakis
An unprecedented high abstention rate of 39% marked elections for municipal and regional authorities for 13 region governors and 325 mayors in Greece. The second round of the elections took place on November 14.
The regions are newly created local authorities. Their formation is closely connected to the austerity program imposed on Greece by the International Monetary Fund (IMF) and European Union (EU). The new bodies conform to the “Kallikratis” plan, a hasty reform of the administrative structure of the country.
In early March, after a three-month media bombardment about the country’s economic crisis, the Greek government — backed by conservative opposition parties, the European Union (EU)and the International Monetary Fund (IMF) — announced harsh austerity measures for ordinary people.
These included unprecedented salary, pension, job and public services cuts and large-scale privatisation. The government offensive entails an enormous income transfer from workers and pensioners to big business and the State Revenue Office.
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