Tuesday, October 4, 2011

Greece to unveil retrenchment plan

From: AlJazeeraEnglish  | Oct 2, 2011 
Greece is expected to unveil its plan to begin laying off state workers, the most contentious part of a reform package demanded by the EU and IMF to free up loans and stave off bankruptcy.

Without the release of a $14bn tranche of an EU bailout, massively indebted Greece could run out of money to pay state wage bills within weeks.

Al Jazeera speaks to Vanessa Rossi, the economic adviser to Oxford Analytica, ahead of the meeting.

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