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The Greek government’s target of zero public sector layoffs and the troika’s of 150,000 over ten years are both ultimately self-defeating

Featherstone, Kevin (2012) The Greek government’s target of zero public sector layoffs and the troika’s of 150,000 over ten years are both ultimately self-defeating. LSE European Politics and Policy (EUROPP) Blog (06 Jul 2012) Blog Entry.

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Abstract

The new Greek government recently announced that there would be no layoffs in the public sector, flying in the face of the country’s agreements with the IMF and the ECB to implement public administration reforms. For Kevin Featherstone, the futility of this target is matched by the troika’s (the ECB, EU, and IMF) demand for 150,000 public sector job cuts over the next 10 years. He argues that both of these targets are self-defeating and will do nothing to encourage Greece to change its priorities towards designing a new economic model for the country.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/europpblog/
Additional Information: © 2012 The Author
Library of Congress subject classification: D History General and Old World > DF Greece
H Social Sciences > HC Economic History and Conditions
J Political Science > JA Political science (General)
Journal of Economic Literature Classification System: F - International Economics > F5 - International Relations and International Political Economy > F53 - International Agreements and Observance; International Organizations
H - Public Economics > H5 - National Government Expenditures and Related Policies
Sets: Departments > European Institute
Collections > Economists Online
Collections > LSE European Politics and Policy (EUROPP) Blog
Research centres and groups > Hellenic Observatory
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 19 Sep 2012 11:05
URL: http://eprints.lse.ac.uk/46114/

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