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Greece government given a boost but workers remain unhappy

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Greece government given a boost but workers remain unhappy


It has become cheaper for Greece to borrow money, with bond yields falling to their lowest level since March 2011.

This is good news for the country’s debt, as it decreases the payout to private investors who have bought government bonds.

This comes against the backdrop of disruptions to local transport, flights and schools, as public sector workers, angry about more austerity measures stage a 24-hour strike.

“Strikes do still have a purpose. They received the bailout funds but I am never going to see them,” said one man in the capital.

Another woman complained that she has not seen any improvements: “They (politicians) keep on talking about development but I see nothing… I have been looking for a job for the last two years and its impossible to find one.”

The outlook for Athens was given a boost yesterday after agency Standard & Poor’s praised efforts to cut government spending and raised Greece’s credit rating by six levels – its highest since June 2011.

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