Economics

Greek Firms Have Found a Way to Dodge Payroll Charges

  • Creditors want labor reform as Greece sees more exploitation
  • Labor market reform among sticking points in bailout review
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When Maria’s employer, a large communications company in Athens, gave her additional tasks at one of its new units, it told her she wouldn’t be paid for the work in euros.

“I was informed that this extra payment of 150 euros per month would be in coupons that I can use in supermarkets,” said the 45-year-old, declining to provide her last name for fear of losing her job.