AOL.com Video - Greek Government Fails to Sell Wage Cuts

VIDEO:News

Greek Government Fails to Sell Wage Cuts

Description:Greek Prime Minister Lucas Papademos hosts a meeting at his office with business federations and unions. He's considering changing workers' contracts, reducing the minimum wage and cutting bonuses to make the country more competitive and boost its ailing economy. But afterwards, the President of the General Confederation of Greek Workers said he wasn't in favour of the changes. The Greek private sector hasn't been touched so far by the government's austerity measures. (1:24)

Source: Reuters

Tags: Greek Government Fails to Sell Wage Cuts , European economy , eurozone , eurozone debt crisis