The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Wednesday, February 22, 2012
Greece Unveils the Negative Salary
Yes, beginning this month some Greeks will have to pay for the privilege of having a job. From the Press Project, "Salary cutbacks (called "unified payroll") for contract workers at the public sector set to be finalized today. Cuts to be valid retroactively since November 2011. Expected result: Up to 64,000 people will work without salary this month, or even be asked to return money. Amongst them 21,000 teachers, 13,000 municipal employees, and 30,000 civil servants." I wonder if this will catch on outside of Greece. What do you think?
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