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Election date seen hanging in balance as PM weighs pros and cons
PoliticsGreek Politicsby one month, from May 1 to April 1, the implementation of the next increase to the minimum wage has... on Monday suggested that the process for setting the new minimum wage is set to begin in the next... for a bigger rise. Around 650,000 employees in Greece are paid the minimum wage, but it also acts
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Wages rise by 7 pct, offset by 7.8 pct 12-month rolling CPI
EconomyMacroeconomythe incorporation of the latest rise in the minimum wage to 780 euros per month, effective April 1. The data... in minimum wage for some half million employees paid in that bracket. Average gross earnings at the end..., with the 12-month rolling CPI up to May this year at 7.8 pct, essentially entirely eating away any wage gains
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Newsletter 387 - 30/06/2023
to the minimum wage, but these rises are the product of discussions between the social partners... the average monthly wage in Greece rise to 1,500 euros by the end of his second term. Sunday’s election... in Portugal this week, ECB officials said fiscal policy and wage decisions should not go counter
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Where are the Conservatives?
Agoracompare the wage bill as a percentage of GDP across countries, because Eurostat presents these numbers. Greece, in 2022, had a wage bill of 10.9 percent of GDP. The EU27 average is 10.1 percent. Germany... countries at over 11 percent. So, in the wage bill number, Greece sits in the middle of the pack
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Spotlight on challenges to labour productivity growth
EconomyMacroeconomyof the formula that will determine the minimum wage. The current consultation process, which has essentially... in the public and private sector with ELSTAT tasked to compose the indicator. The new minimum wage framework... for the consultation process to resume at times of economic stress. The minimum wage in Greece was sharply
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OECD sees stable growth of 2.2 pct next year and persistent structural challenges
EconomyMacroeconomy, supported by a tight labour market and minimum wage increases. However, employment growth will slow... in their disbursement, excessive wage growth, or extreme weather could hinder progress. Inflation is expected..., while public sector wages will increase in line with minimum wage adjustments. Delays in implementing
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Newsletter 444 - 06/12/2024
in recent weeks, including an amendment to reintroduce collective bargaining into the minimum wage... Ministry’s bill about the new minimum wage mechanism. PASOK argues that the government policy lacks... EU related wage data in terms of purchasing power. PASOK, which recently became the main opposition
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Newsletter 448 - 24/01/2025
before his swearing-in.EconomyEmployment and wage data illustrates public scepticism about growth... minimum wage, some troubling data was brought up in the public debate, mostly from the research arm... shows that, based on last year’s minimum wage of 780 euros, 31 pct of workers - or 710,000 people
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Newsletter 458 - 04/04/2025
for other uniformed personnel to also receive wage rises later this year as he tries to regain the support... on the heels of announcing the latest increase to the minimum wage, the government unveiled at the end... households. The fifth increase to the minimum wage under the current administration kicked in on Tuesday
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Newsletter 494 - 13/02/2026
. It is dominated by sluggish wage growth and serious affordability concerns for the vast majority of Greek...%, while cumulative wage growth has not exceeded 30%. Meanwhile, the annual report from the Labour Ministry’s ERGANI database - which captures wage data for nearly 2.5 million private‑sector workers
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