Increase of 11 pct in minimum wage to have knock-on effect in economy

Dispute over pensions backlog as future burden from retirees highlighted 10/04/2019 - 13:22
IAPR annual data shows growing tax pile and pressure on middle-income taxpayers 04/04/2019 - 16:34
Central bank points out signs of recovery in business lending 03/04/2019 - 12:17
BoG underlines progress in NPE reduction but stresses need for systemic solution 03/04/2019 - 09:55
BoG report notes challenges to Greek economy, issues warning over high fiscal targets 02/04/2019 - 12:01
PDMA releases details of 10-year bond, highlighting strong interest 11/03/2019 - 09:30

Increase of 11 pct in minimum wage to have knock-on effect in economy

Economy 29/01/2019 - 10:41 Tags: Income

As was widely anticipated, during the cabinet meeting yesterday Alexis Tsipras announced that the minimum wage in Greece will increase for the first time in a decade to 650 euros per month, from 586 euros currently, effective from February 1.

This represents a rise of close to 11 percent, surpassing the upper threshold of the committee of wise men that had recommended a rise between 5 and 10 percent. Given that the process of deciding the appropriate level for the minimum wage, i.e. one that...

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€450.00

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

SPECIAL REPORT

Greece is in the process of reforming its justice system but there are still many shortcomings. This MacroPolis Insight report is a vital guide for investors and anyone who wants to learn about Greece's institutional challenges.

BUY THE REPORT

Tweets by @MacroPolis_gr

You have to in order to view this content.

Most Popular

Shifting geopolitical balance in East Med presents prospects and pitfalls 12/04/2019 - 10:16
In latest election pledge, Tsipras vows to ditch lower tax-free threshold 16/04/2019 - 11:38
Divorces in Greece increase by 74.2 pct in 2017 17/04/2019 - 13:47
Athens eyes multiple benefits from joining China-backed 17+1 initiative 17/04/2019 - 09:56
SYRIZA seeks to bolster post-MoU narrative with early IMF repayment 15/04/2019 - 09:12

EastMed pipeline close to high-level agreement, but still a long way from becoming reality 19/03/2019 - 14:52
Tsipras makes new push to dominate Greek centre-left 08/04/2019 - 08:27
Shifting geopolitical balance in East Med presents prospects and pitfalls 12/04/2019 - 10:16
PM seeks to douse snap election talk, points to October polls 19/03/2019 - 09:48

The first cut is the deepest? Greek pension reforms in context 07/06/2018 - 12:12
Is a lack of spending hampering Greece's firefighting capabilities? 01/08/2018 - 12:14
Are hirings in the public sector out of control? 17/04/2018 - 13:52
Is the cost of Greece's public sector soaring again? 03/05/2018 - 11:31
Greece's golden visa scheme brings revenues, but risks as well 21/09/2018 - 10:59

Greece tax wedge rises two places to 13th highest among OECD countries, report finds 15/04/2019 - 11:56
Glimmer of hope for efforts to negotiate over tax-free threshold, but not primary surplus 18/04/2019 - 11:16
Hirings balance positive by 43,737 in March 18/04/2019 - 12:27
Budget primary surplus at 1.46 bln in Mar, beating target by 2.42 bln 16/04/2019 - 11:48
Building permits drop by 10.2 pct in Jan 12/04/2019 - 13:17

EastMed pipeline close to high-level agreement, but still a long way from becoming reality 19/03/2019 - 14:52
Main residence draft law shows signs of compromise in several areas 27/03/2019 - 09:40
Athens waits for green light from Eurogroup so it can settle IMF loans early 01/04/2019 - 11:04
Early IMF repayment next goal for Athens after concluding second post-MoU review 08/04/2019 - 07:40
Athens set to press ahead with primary residence law despite differences with lenders 20/03/2019 - 16:34

The first cut is the deepest? Greek pension reforms in context 07/06/2018 - 12:12
Are hirings in the public sector out of control? 17/04/2018 - 13:52
Is the cost of Greece's public sector soaring again? 03/05/2018 - 11:31
Greece's golden visa scheme brings revenues, but risks as well 21/09/2018 - 10:59
Eurogroup agrees on significant debt relief measures for Greece 22/06/2018 - 02:31