What's happened
Greece has approved legislation allowing 13-hour workdays, up from eight, aiming to increase labor market flexibility. The law has sparked protests and union opposition, amid stagnant wages and ongoing economic recovery from the debt crisis. The legislation limits overtime application and offers more short-term hiring options.
What's behind the headline?
The new legislation reflects Greece's push for labor market flexibility, aligning with broader European trends. However, it risks exacerbating worker dissatisfaction, especially given stagnant wages and low purchasing power. The law's limitations—applying overtime only three days a month—may mitigate some concerns but could still undermine workers' rights. The protests indicate a significant public backlash, which could influence future policy adjustments. The move suggests the government prioritizes economic recovery and competitiveness over worker protections, potentially leading to increased labor unrest and long-term social tensions. The legislation's success will depend on how it balances economic needs with worker rights, and whether it can foster sustainable growth without deepening inequality.
What the papers say
Bloomberg reports that the legislation aims to foster a more flexible labor market, with the government claiming it will boost employment. The Independent highlights the protests and union opposition, emphasizing workers' concerns over stagnant wages and increased working hours. Both sources agree that the law limits overtime application and introduces more flexible hiring practices, but differ in tone—Bloomberg focusing on economic reform, The Independent on social unrest and worker rights issues.
How we got here
Greece is recovering from a severe debt crisis (2009-2018) that wiped out a quarter of its economy. Recent years have seen economic growth, enabling tax cuts and wage increases, but wages remain below pre-crisis levels. The government aims to boost employment and labor flexibility through the new legislation, despite public opposition and protests.
Go deeper
- What are the main arguments for and against the law?
- How are unions planning to oppose or adapt to the legislation?
- What does this mean for Greece's recovery and social stability?
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