From Greek Reporter
''Saying that “the numbers don’t add up,” for Greece to make 11.5 billion euros ($14.16 billion) in cuts ordered by international lenders to keep lifeline loans coming, Finance Minister Yiannis Stournaras said the new coalition government is ready to bring back the idea of laying off thousands of public workers.
Stournaras said they would be put into a so-called Labor Reserve Pool for one year and be forced to take a 40 percent pay cut. The government led by Prime Minister Antonis Samaras’ New Democracy Conservatives, partnered with the PASOK Socialists and Democratic Left, had vowed to protect public jobs but now has reportedly backtracked, as it did on the notion of renegotiating the terms of bailouts with the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB.).''
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