Starting in July, some 24-hour industries in Greece may allow employees to choose to work up to 48 hours per week instead of a maximum of 40. Workers who exceed the 40-hour threshold make an extra 40% in overtime pay.
Following the global financial crisis in 2007-2008, Greece experienced a sovereign debt crisis that led to austerity measures, higher taxes and ultimately bailout loans from the International Monetary Fund and the European Central Bank.
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