Concerned over pace of growth in public pay

AFTER enduring seven years of austerity, Greece’s hard times aren’t over as yet. Belt-tightening measures are still ongoing to qualify for the remaining €26.9bil in funds before the current bailout ends in August 2018. Creditors continue to demand more reforms as they aren’t satisfied with the results achieved by the Greek government so far.

Two decades ago, we too were hit by an economic crisis as harsh as the one encountered by Greece. Although we had the ability to overcome the crisis without help from the International Monetary Fund, our economy suffered a big blow and many lives were thrown into turmoil. The share market collapsed along with many companies, big and small, causing thousands to lose their jobs.