Skip to main content

NEWS

The Government and public sector unions sign agreement on austerity measures

Today, the National Assembly began debating the draft Public Finance Balance Act proposed by the Government, which includes a package of austerity measures valued at almost 800 million euros, which is the basis for the revised 2012 budget The good news before the beginning of the debate is that the frozen strike of the public sector has been called off, as the Government and public sector unions have finally signed a strike agreement, after a month of negotiations, which regulates the issues between the Government and unions on strike, while providing the basis for alleviating some austerity measures in the Public Finance Balance Act. By signing the Agreement, the unions have agreed not to lodge a demand for a referendum.