Slashing public expenditure places the economy at risk There is more fiscal space than originally thought

The IEJ and partners continue to call on the government to phase in the introduction of a Universal Basic Income Grant (UBIG). [...] It is counterintuitive to try and increase the number of teaching assistants in the short term whilst retrenching teachers who are a key component of the program and play an important role in transferring skills. [...] What is needed is a comprehensive job creation and protection initiative that holistically responds to the job crisis in the country and secures the provisioning of essential basic services. [...] This led to a contraction of 25% of the GDP in Greece, whilst debt soared to 175% of the GDP and unemployment increased to 25%. [...] The UBIG will close the gap that the labour market has not filled in the context of rising vulnerability to poverty, particularly for the 18-59 population group.