Greece is close to agreeing to a new set of austerity measures, which will affect both the public and private sectors, that would unlock the emergency loans from the European Union and the International Monetary Fund that the country needs to keep its economy afloat. In the private sector, employers who have more than 200 people in their work force would be able to sack 4 per cent of them at once rather than the 2 percent in place now. There will also be a gradual phasing out of the 13th and 14th monthly salaries that employees receive as Easter, Summer and Christmas bonuses, possibly over the next five years. In the public sector, civil servants will lose their 13th and 14th monthly salaries and their supplementary pay,
which has already been cut by 30 percent, will be reduced by another 5 per cent. This would represent savings of 1.7 billion euros, or 0.6 per cent of Greece’s gross domestic product.

Pray: that the spirit of the Greek population will not be broken by these enforced measures. (Pr.10:15)

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