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This includes pension reforms, liberalising its economy (from Sunday opening hours to opening up closed professions), privatising its energy transmission network, reforming its labour market practices (including new rules on industrial action, and collective dismissals), and action on non-performing loans:
Can someone ELI5 what it means to liberalise the Greek economy? I thought that was kind of the problem to start with. A bloated public sector and low worker efficiency. Wouldn't becoming more liberal just increase those issues?
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[–] crokus 0 points 1 point 1 point (+1|-0) ago
Can someone ELI5 what it means to liberalise the Greek economy? I thought that was kind of the problem to start with. A bloated public sector and low worker efficiency. Wouldn't becoming more liberal just increase those issues?
[–] taxation_is_slavery ago (edited ago)
It allows the entities that buy up all the state assets at firesale prices to man them with cheaper, and perhaps foreign, workers.
This is an attempt to enslave Greece.