I know that Greece has had economic woes for some time, but I was surprised to learn that the average Greek worker puts in more hours per year than the average American and significantly more than the EU average. With the recent approval of six day workweeks in Greece, while conversations about shifting to four day workweeks are occurring elsewhere in the world, I’m curious as to what has led to this situation occurring?
In: Economics
If you plug-in Balkan level corruption to a western world level neoliberal economy, Greece is what you get. Austerity and memorandums eliminated the public sector and destroyed any worker/union protections from the past, so now we’re at the mercy of monopoly cartels and profiteering.
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