Greece is facing endless austerity and here are some of the reasons why.In Greece, you get a Bonus for arriving at work in time. Yes, you have heard it right. come to work on time and there is some extra cash waiting for you! Pension schemes in Greece will amaze you.Unmarried or Divorced daughters of civil servants receive their dead parents pension.The civil servants have the liberty to retire at their 40's with a pension.This is not it. Greek workers receive 14 months salary every year.People are even paid extra for being able to use a computer.If you can speak a foreign language add few bucks in your pocket.It's not over yet! Greece even pays half a months extra salary at easter and another half during the summer.
Thinking why you weren't born in Greece?Well, things in Greece aren't the same anymore.The Government has trimmed most bonuses by 12% and Easter bonuses by 30% which saved them 1.7 billion euros. They are even planning to pass a bill to ban early retirement.These extra benefits have bloated Greece's budget by billions of euros.
Banks are closed now.The Government has also imposed capital Controls-limit on the movements of funds out of the country.The Government is raising taxes regularly.There is a limit on money withdrawal from ATM'S.Pensions have been cut sharply too.Government employment has fallen more than 25% after 2000.People even blame the creation of the euro for greece's condition as Europe wasn't ready for a successful single currency.Will Greek exit from the euro?Will the austerity end?Is what remains the question.
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