A few charts from the Eurofound website provides an insightful glimpse into the conditions of workers in Greece in the context of austerity. The first chart, taken from Eurofound, demonstrates the trajectory of labour costs and labour productivity in Greece up to and during the crisis. The data indicates a significant divergence of labour costs … More Some Charts on the Conditions of Labour in Greece
By the summer of 2010, the financial crisis initiated by overleveraged financial institutions had been transformed into a sovereign debt crisis. This was a deliberate tactic of ‘crisis management’ by neo-liberally minded European elites to protect their financial sectors. State intervention to the tune of billions of pounds and Euros recapitalized the banking sectors of … More The Eurozone Crisis, Collective Bargaining, Labour Market Reform and Austerity, 2010-2015
Americanized Labor Policy Is Spreading in Europe – NYTimes.com. While most of the debate over Europe’s response to the financial crisis has focused on the budget austerity enveloping the Continent, the comparatively unheralded erosion of worker protection is likely to have at least as big and lasting an impact on Europe’s social contract.