Average wages in Greece fell by more than 10 percent in 2013, according to data published by the Social Insurance Institute (IKA), the country’s main social security organisation.
A study published in the latest Bank of Greece (BoG) economic bulletin highlighted the deterioration in Greek households’ living and income conditions during the years of crisis (2008-2012).
The results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited.
As we have highlighted before, one of the consequences of the Greek crisis often overlooked is that the vast majority of the country’s unemployed do not receive benefits as they would in many European Union countries.
During the economic crisis people have been watching Greece closely for signs of a change in mentality or attitudes in the country, particularly with respect to whether young Greeks are adopting different practices to the previous generation.
Many Greek workers are not receiving their salaries on time or are being paid in kind rather than money, according to data gathered by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE).
There was a time when Greece’s unemployment rate caught the media’s attention as it quadrupled from the 7.3 percent in the third quarter of 2008 to the recent record high of 27.8 percent in the first quarter of 2014. There is less of a fuss these days, though.
With just a few days to go until the European Parliament elections, two surveys have shown that support for the European Union and its institutions remains particularly weak in Greece.
The crisis appears to have led to a substantial reduction in petty corruption, with its overall cost halving over the last five years, a recent survey conducted by Public Issue for Transparency International has found.
A recent OECD study examining the aftermath of the crisis has highlighted the social difficulties that have been created but also points the inequalities that were created by a poor welfare system before the country’s economic problems began.