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  1. As hopes of April 24 deal fade, differences between Greece and lenders remain

    PoliticsGreek Politics

    . The government also wants to agree a framework to raise the minimum monthly wage to its previous level of 751 euros in two stages. The coalition foresees the minimum wage rising to 650 euros on October 1

    4%

  2. Wages index falls 1.8 pct QoQ in Q1 2015 for the second successive quarter
    Photo by MacroPolis

    EconomyMacroeconomy

    for the private sector incorporates the impact from the “voluntary” wage cuts, reduction in salaries imposed by the new collective labor agreements, lowering of the minimum wage and shift towards

    4%

  3. Labour cost fall has not produced jobs, bemoans GSEE in study
    Photo by MacroPolis

    Society

    power of the real minimum wage fell from 2010 to 2014 24.9 percent, and by 34.5 percent... in Greece for those on the minimum wage was now lower than that in Spain, Malta and Slovenia and similar

    4%

  4. Tsipras identifies debt relief, bank recap and attracting investments as key goals
    Photo by MacroPolis

    PoliticsGreek Politics

    of the labour market reforms made in recent years by bringing back collective wage-bargaining, restoring some workers’ rights and gradually increasing the minimum wage. Tsipras also insisted that his

    4%

  5. Disposable income slips 1.6 pct in Q2 on higher income and wealth taxes

    EconomyMacroeconomy

    coupled with a series of wage cuts. For the private sector in particular, lower salaries reflect “voluntary” downward adjustments, new collective labor agreements with reductions in the minimum wage as well

    4%

  6. Multi-bill tabled in Parliament, paves way for sale of NPLs

    EconomyProgramme

    . The draft bill also provides for changes in the public sector wage grid, such as decoupling wages from grades, different wage evolution subject to the employee education and assessment, and increase

    4%

  7. High unemployment, falling wages damaged sustainability of largest Greek pension fund
    Photo by MacroPolis

    EconomyMacroeconomy

    46,000 in that year. The reduction in the minimum wage in 2012 as well as the shift towards more flexible...-income salary-earners were mostly hit since their weighted average wage drop reached almost 53 percent

    4%

  8. EU and IMF bailout drafts confirm conditionality as well as differences on primary surplus

    EconomyProgramme

    control of the wage bill (0.25 percent), rationalisation of taxation in a number of areas (0.5... reform (1 percent), VAT reform (0.25 percent) and wage bill (0.25 percent)), according to the IMF

    4%

  9. EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    Economy

    remarkable decreases in wage growth, already implemented reforms, gradual economic recovery and employment... standard rate (0.25 percent) as well as from adjustments in the public sector wage bill, motor

    4%

  10. Government tables amendments with aim of securing bailout tranche within days

    EconomyProgramme

    billion euros. The amendments mostly involve pension reform, the so-called “special” wage grid.... Another amendment clarifies that the freeze in the special wage grids, which affects military

    4%