The relief is reserved, at least initially, to private-sector employees who in 2007 had payroll earnings of not more than € and will apply to wages and salary payments received in the second half of 2008. In the second quarter of 2007 about 10 per cent of employees worked overtime, for a number of man-hours equal to 2 per cent of total hours worked.
I am now looking forward to discussing these and other issues during this seminar. Thank you very much for your attention. BIS central bankers’ speeches  3