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Disposable income drops 1.8 pct in Q1 on rise in taxes and social contributions
EconomyMacroeconomyor 31.1 percent since 2010 on the back of surging unemployment and a series of wage cuts... wage, new collective labour agreements and shift towards more flexible forms of work. Social
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After Article IV consultations IMF says challenges remain, substantial debt relief is needed
EconomyProgrammetax credit system that exempts almost half of wage earners from income taxes compared..., the adjustment burden relied heavily on wage earners that understandably resist labour market reforms
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Greek government faces hard labour dilemma
PoliticsGreek Politicslower wage rights for under 25s and allow strike-breaking salary rules normally considered taboo... Monetary Fund. It would see unions and employers resume negotiated agreements to set the minimum wage
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Some progress in first round of talks but most second review issues remain unresolved
EconomyProgrammebargaining. Katrougalos also raised the issue of the minimum wage, particularly in terms of how...) opposed a change in the determination of the minimum wage by the state. Katrougalos has not ruled out
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In autumn forecasts, EC sticks by GDP estimates but expects lower unemployment
Economyin 2018, largely on the back of economic recovery, still subdued wage dynamics and impact from... taxes, partially offset by spending slippages, mainly in the wage bill and the health sector. The EC
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Greece, lenders fail to make headway on fiscal and labour issues
EconomyProgrammethe state budget. The IMF has repeatedly stressed that more than half of Greek wage earners are exempt... favour keeping unchanged the framework for the determination of the minimum wage by the government
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Greek women in crisis
Agoraof the same age group. The wage gap between women and men in Greece is 15 percent. This would appear better... (doctors) where the wage gap is 44 percent. In CEOs and commercial director positions, men earn 42% more
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With tax-free threshold set for change, income declarations underline need for rethink
EconomyProgrammepercent of self-employed workers and 46.5 percent of wage earners and pensioners declared annual... the personal income tax credit (relative to the average wage) to the eurozone average, it could
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Slow progress on fiscal, impasse on labour keep review deal on hold
PoliticsGreek Politicsof favourability. One part of the group argued that lower level wage agreements cannot undercut higher level.... The other part argued that that micro wage flexibility is important and the hierarchy of collective
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Disposable income edges down 0.1 pct in Q1
EconomyMacroeconomywith wage and pension cuts. Reduced salaries in the private sector largely stemmed from “voluntary... wage and gradual shift towards more flexible types of work. In the public sector, the implementation
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