Country caves to creditors' demands
(NEWSER) - As politicians in the US debate the merits of smaller government, Greece's creditors are forcing it to shrink its public sector. Greece has agreed to cut 15,000 government jobs by the end of this year, and 150,000—a fifth of the total—by the end of 2015. Greece's constitution protects public sector workers from being fired, so the cuts will have to come from forced retirements, and from the shrinking or even elimination of some public sector entities, the New York Times notes. More»