Troika requires Greece to cut salaries by 20% to avoid bankruptcy - elEconomista.es

Greece is running out of time to carry out austerity measures that the Troika (EU, IMF and ECB) is imposing on it instead of the much-anticipated recovery plan. Without the 130 billion euros (that could be 145 billion euros to face a financial restructuring plan) will not be able to face debt maturity payments on March 20. Greece will be on the verge of default or bankruptcy, and the consequences will be unpredictable.

http://www.eleconomista.es/seleccion-ee/noticias/3726990/02/12/Troika-requires-Greece-to-cut-salaries-by-20-to-avoid-bankruptcy.html