Greece

Greece Considers Pooling Labor To Help Reach Austerity Targets

Foreign creditors are asking for $4.95 billion in spending cuts.

|

ATHENS—Greece may have to place thousands of public workers in a special labor pool at reduced pay to help achieve as much as €4 billion ($4.95 billion) in spending cuts demanded by international creditors, a politically risky move for the fragile coalition government.

Advertisement