Statement by AFL-CIO President Richard Trumka on the Newly Elected Greek
Government’s Economic Policy
February 12, 2015

The AFL-CIO joins with the General Confederation of Greek Workers (GSEE), our
German union counterparts and unions from around the world in supporting the
effort by the newly elected Greek government to open up economic and social
prospects for the country beyond the failed austerity policy. On January 25th,
Greek workers and their families used their vote to reject the anti-labor
austerity policies that created severe humanitarian costs and weakened
fundamental labor rights, including collective bargaining. The election signals
to the people of Greece and others around the world that the government needs
new policies that invest in basic human needs, restore growth and maintain
fiscal stability.

The reforms implemented by the previous government and imposed by multilateral
institutions did not address Greece’s structural and debt problems. Under the
austerity policies, Greece’s debt grew while cuts to social protections
devastated workers and their families. The austerity policies shrunk the
economy by 25%, increased unemployment to 27% for all workers and over 50% for
young Greek workers. Many of the reforms implemented under the austerity
measures exacerbated the humanitarian crisis and failed to address important
needed structural reforms on tax evasion and corruption.

The current situation provides an opportunity for Greece and the rest of Europe
to develop a new agenda for recovery and shared prosperity. The Greek
government’s initiative must be supported and given the needed time and bridge
financing for effective implementation. The AFL-CIO stands in solidarity with
the GSEE and commits to supporting Greece’s new path to securing a more
prosperous future for its people.

http://www.aflcio.org/Press-Room/Press-Releases/Statement-by-AFL-CIO-President-Richard-Trumka-on-the-Newly-Elected-Greek-Government-s-Economic-Policy
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