Nicholas Theocarakis offers analysis of auctions and repossessions, of the need for collective bargaining – ILO best practices – but the level of total dismantling of workers’ rights by the previous government is unprecedented in Europe – 1/3 of working Greeks are undeclared labour, with terrible effects on pension funds – more not less labour market regulation is needed. The institutions refuse to discuss economic substance and any talk of debt restructuring. Greece signals potential default as it’s running out of funds to cover both the repayments to the IMF and the pension and civil service salary bills.
Thomas Wieser (00:00:02): Also uh have a discussion on the HFSF buffer and uh, we noted and know and knew uh, that uh, uh, that we hope industrious work streams ongoing both in Athens and in Brussels, as there is this tale of two cities where meetings uh, have to take place in different compositions […] Read more
Toward the end of February, Pierre Moscovici and Yanis had forged an agreement regarding process. The troika middle managers would no longer arrive in Athens, enter ministries and impose policies on ministers. All political negotiations would take place in Brussels (the term “Brussels Group” was coined for this purpose) and only troika technicians would go to Athens to consult with their counterparts in the ministries. However, soon after their arrival in Athens, the troika representatives demanded a return to business as usual – access to ministers so that they could harass with them directly. That this was decided further up became clear at the 17th March EWG meeting.
Marco Buti (00:01): … coming in the next eh, in the next days and erm even if erm the Greek authorities manage to overcome erm the erm, the erm [inaudible 00:00:14] of the next couple of days, the situation would become… let’s say erm, pretty critical in early erm… in early April. So I think […] Read more
The 20 February Eurogroup meeting had ended a chicken game with a compromise: Greece would extend the previous loan agreement by four months (to give negotiations a chance). The institutions would allow Greece to replace the existing MoU with a list of reforms proposed by its government.
Read the Greek reform list under discussion Jeroen Dijsselbloem (00:00): … of your responses or questions. And can I first, first ask the Commission, [inaudible] or Pierre, to uh, give their headlines. Speaker 2 (00:10): Uh, yes, uh, thank you, Jeroen. Well, uh, commission, uh, has, uh, carefully reviewed the reformed proposal sent yesterday to […] Read more