BoG points to even greater wage cuts

09:57 23/4/2012 - Πηγή: Πρώτο Θέμα

According to information the annual report of the director of the Bank of Greece that will be published Tuesday will foresee greater losses of income for 2012-2013, even from those the employees received in 2010-2011. Based on the expressed predictions it is estimated that the private sector workers will lose 20% and their colleagues in the public sector 10%. Meanwhile, unemployment will reach 19% -20%.