IMF sets sights on a reduced minimum wage in Greece

As Greece and the IMF continue negotiations on a debt deal to avert economic collapse, the Washington Post reports that Chief IMF inspector Poul Thomsen is seeking to capitalise on the crisis by pressing for lower employment costs, notably a slashing of the minimum wage – a sure fire way of worsening the recession in a country where 1 in 5 workers are already wageless: http://www.washingtonpost.com/business/markets/greece-imf-expect-crucial-deals-on-debt-swap-and-new-bailout-to-be-completed-soon/2012/02/01/gIQANRlahQ_story.html