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Greece braces for Middle East fallout as polls show ND holding firm despite voter unease
PoliticsGreek Politicsin the minimum wage, to be approved at Thursday’s cabinet meeting and implemented on 1 April. Although...‑sector salaries. The administration continues to frame this as part of a broader wage strategy, with a target of 950 euros minimum wage by 2027 and an average wage that, it says, has already
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How big is Greek fiscal gap? Will cuts be needed? Here's our Q&A
PoliticsGreek Politicsthis month. Wage cuts or tax hikes have been default measures for Greek governments over the past... salary structure in the civil service more strictly. The wage scheme was supposed to have been... the public sector wage bill. Stricter spending limits for public bodies are also to be introduced
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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyof the average wage, which have both converged towards the EU average in the 1995-2009 period, have... fallen by 30 billion euros to 56 billion in 2014 from 85 billion in 2009. In 2014, the average gross wage... and the containment of bank credit, households’ efforts to reduce their borrowing, wage cuts and heightened
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A breakdown of Tsipras's pledges on economic strategy in Thessaloniki
Economyto PSI. The last but not least measure of the second pillar relates to restoring the minimum wage in the private sector to 751 euros for all employees regardless of age. The minimum wage currently... in the minimum wage is expected to boost domestic demand by 0.75 percent and GDP by 0.5 percent, while
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Troika document reveals thorny issues, coalition's commitments to conclude review
EconomyProgrammerate for hotels from 6.5 to 13 percent, reducing or abolishing general government non-wage benefits... the income tax system and procedures and legislate public sector wage grid in a fiscally neutral manner also aligning non-wage benefits with good practices in other countries. The recently enacted out
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What is in SYRIZA's 3-pillar programme to overcome the crisis?
Economyof the minimum wage in the private sector to 751 euros for all employees regardless of age. The minimum wage currently stands at 586 euros, and 511 for employees under 25. This measure has zero fiscal cost, while the increase in the minimum wage is expected to boost domestic demand by 0.75 percent and GDP
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Greek coalition sets out plans for public sector, wages and pensions
PoliticsGreek Politicswage Before the elections, SYRIZA had promised that it would immediately raise the minimum wage from... and unions rather than in one go. It is estimated some 300,000 Greeks earn the minimum wage. Instead
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Newsletter 14 - 06/02/2015
. SYRIZA has pledged to raise the minimum wage in the private sector from 586 euros (or 510... wage, kick out investors and seek a closer alliance with Russia. Once the dust settled, Deputy... approval, for this year. On the minimum wage, Labour Minister Panos Skourletis was also quick to play down
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Lowest income groups in Greece saw wages drop and taxes rise most during crisis
Society. Among its main findings is that while wage-related income per household fell on average by 10.9... by 16.4 percent. On the other hand, the smallest reduction in wage-related income (-5.8 percent) was in the 5th decile while those at the top saw their wage income fall by 9.3 percent. It also finds
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Greece prepared to move on pension, labour reforms but details to be decisive
PoliticsGreek Politicsdiscussed the need for wage developments and labour market institutions to be supportive of job... wage will have to be shelved for now. Also, Athens is likely to have to concede ground on mass... to the Greek side. One of SYRIZA’s election pledges was to restore this form of wage bargaining, which
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