If that could be done, then the representatives of Greece's bail-out coalition commonly called "the Troika" (there are three) could have already achieved what three successive governments still have not... All the Greek governments have definitively achieved in this time is to lower the pensions and base salaries in the public sector (but there is overtime to make up for lost income). "This time" is, three years down the line and some euro 150 billion down the drain: the Greek governments have next to zero to show for it.
* Liberate closed professions: some talk, no action.
* Reduce civil service payroll: nothing. If anything there have been a few new hires of cronies. Thankfully, only a few.
* Clamp down on tax evasion: nothing.
* Clamp down on corruption: nothing
* Free access to amployment: nothing -- if anything more restrictive
* Allow Private Agency employment: on the contrary, it has been restricted.
On the other hand,
Accumulated debt to the private sector has topped Euro 7.0 billion.
Greece in labor ball park figures (source Ministry of Labour, Hellenic Statistics):
Total employable 4.80 mill
Total unemployed 1.25 mil
Total black
employment 1.63 mil
Total Public Sector
& nationalized corps1.21 mil
Total above 4.09 mil, i.e. in Greece there are officially just under one million people legally employed in the private sector. These people are called upon to create wealth and contribute to welfare funds & taxes.
As an American youth would put it, "yeah right".
Gentlemen, it's not worth it.Either pack it in or take over. The guys in power can't do it.
Now we're wasting everybody's money.
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