To Get Bailout, Greece Must Reduce Minimum Wage

Joanna Kakissis | Feb. 7, 2012 11 p.m.

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The European Union and the International Monetary Fund say this will make the Greek labor market more competitive and ultimately boost growth. At one time, strong unions pushed aside a weak business lobby to secure government guarantees of high salaries including the minimum wage.

© 2012 NPR

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