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  1. Wages index up by 4.9 pct in Q4 to reach highest level since 2012
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    in the minimum wage, voluntary cuts in salaries and part time and flexible work dominating over full-time work... in the previous quarter. Effective from last month, the Greek government increased the minimum wage by 11 percent to 650 euros and eliminated the sub-minimum wage for those under 25 years old, which

    6%

  2. UnLuCky for some: Another painful lesson from the euro crisis
    Photo by Harry van Versendaal

    Agora

    and regaining the competitiveness lost through wage inflation in excess of productivity gains. The IMF... unemployment gave rise to informal wage reductions and more flexible forms of employment until the troika decided as part of the second programme to speed up the process further by reducing the minimum wage

    5%

  3. You've heard the Greek crisis myths, now here are some truths
    Photo by MacroPolis

    Agora

    had left a public sector wage bill of 30.7 billion euros, almost 13 percent of GDP. In 2013, that same wage bill did not exceed 21.8 billion euros, representing a 29 percent reduction in just four years.... To make this effort Sisyphean, the troika decided in 2012 to push down the minimum wage by 22 percent

    5%

  4. Greece sets out broad reform plan for lenders' approval

    EconomyProgramme

    account for more than half (56 percent) of total expenditure. The non-wage benefits will be reviewed... the public sector wage grid without reducing the current wage floors but safeguarding that the public... smart approach to collective wage bargaining that balances flexibility with fairness. This also

    5%

  5. Athens grapples with awkward reduction of tax-free threshold
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyProgramme

    . The IMF has repeatedly stressed that more than half of Greek wage earners are exempt from paying... tax-exemption threshold corresponds to a wage of around 620 euros. The reduced tax-free threshold... on the large number of low-income wage-earners that would have to pay income tax for the first time

    5%

  6. Tsipras pledges array of tax cuts, hopes for break on pensions
    Photo by Andrea Bonetti/Fosphotos

    PoliticsGreek Politics

    increase to the minimum wage. Most of these measures had been leaked to the media in the build-up... wage earners and strengthen their bargaining power.” “This is exactly where the dividing line... bargaining and the increase to the minimum wage. He said the rise would occur in 2019 after

    5%

  7. Institutions wrap up talks with focus on NPLs, primary residences and budget

    EconomyProgramme

    at the Independent Authority for Public Revenue (IAPR) would move ahead. Minimum wage On Wednesday, Labour Minister Efi Achtsioglou presented to the creditors plans for the increase to the minimum wage and scrapping of the sub-minimum wage for under-25s. Some reports on Thursday indicated

    5%

  8. Pandemic takes heavy toll on Greek workers, study finds
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyFeatures

    of employees received earnings below the minimum wage. The research emphasised that Greece was among European countries that needed to examine its minimum wage threshold, since like several other countries, it does not allow for reasonable living. Even though the minimum wage was raised in February 2019

    5%

  9. Newsletter 271 -30/10/2020

    Newsletters

    line. In Q2 this year, a total of 31 percent of employees received earnings below the minimum wage... wage threshold, since like several other countries, it does not allow for reasonable living. Even though the minimum wage was raised in February 2019, it still remains inadequate for a decent standard

    5%

  10. Newsletter 313 - 22/10/2021

    Newsletters

    , calling in a televised interview for the minimum wage to be raised to 800 euros..., the centrepiece of the interview was Tsipras’s call for the minimum wage to be raised to 800 euros. During the summer, the government announced a minimum wage increase of 2 pct, taking the basic salary

    5%