The Phaserl


Greece high court reverses troika-imposed wage cuts

Council of State rules that pay cuts on police and armed forces workers were unconstitutional, ordering that they be reimbursed in full

by Denise Roland, The Telegraph:

Greece’s highest court has ordered a reversal of troika-imposed wage cuts on the country’s security services, in a move that could jettison the government’s spending plans and complicate negotiations for the future release of bail-out funds.

A 10pc pay cut across a broad sweep of public sector workers, which took effect in August 2012, was included in the terms of Greece’s second bail-out from the EU-IMF troika of lenders. Those affected included the armed forces, emergency service workers, university lecturers and judges.

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