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  1. Lenders urge new government to meet fiscal targets as Athens issues 7-year bond
    Photo by MacroPolis

    EconomyProgramme

    not be reversed. For example, increases in the minimum wage should be in line with productivity developments... to increase the minimum wage by twice the growth rate in the coming years so that it reaches 730 euros by 2021

    4%

  2. S&P raises Greek rating to 'BB-' on reduced fiscal risks, lifting of capital controls
    Photo by Panayiotos Tzamaros

    Economy

    percent annually, despite the latest increase in the minimum wage. At the same time, one consideration... collective wage negotiations were reversed this year. The agency views the current government's labour

    4%

  3. IMF cool on growth, urges greater effort on bank, fiscal and labour reforms
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    the issues of Greece having one of the highest pension spending and public wage bills and in the EU... Greece should look into reducing non-wage costs as it notes that “labour has, relatively speaking

    4%

  4. PBO sees encouraging signs for economic and fiscal outlook
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    EconomyMacroeconomy

    about last year’s rise of minimum wage and the impact on employment and the competitiveness of economy. The PBO notes that this should be taken into consideration as the next round of minimum wage

    4%

  5. Opposition picks holes in latest measures to mitigate economic impact from pandemic
    Photo by MacroPolis

    PoliticsGreek Politics

    Opposition parties have criticised the government’s latest package of measures to support the economy, suggesting that it is too weak an intervention and will lead to wage cuts for many employees... (KINAL) argued that the wage reductions would affect workers who are already on low incomes

    4%

  6. ND holds on to large poll lead despite growing public dissatisfaction

    PoliticsGreek Politics

    number of political appointees and a burgeoning wage bill. According to the official data, the number of political appointees in October reached 2,965, with the annual wage bill coming to 65 million euros

    4%

  7. IMF raises outlook on Greek debt sustainability to merely 'uncertain'
    Photo via Flickr https://flic.kr/p/7BWNey

    Economy

    spend, the public wage bill and State-Owned Enterprises. The fund also noted that the number of civil... focus on structural reforms that will boost productivity, reduce non-wage costs and close

    4%

  8. PM to address inflation as polls show wear and tear for govt
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    PoliticsGreek Politics

    to tax and social security contributions due next year, as well as the increase in the minimum wage... proposed a range of interventions, including raising the minimum wage even higher, to 800 euros

    4%

  9. ND sets sights on pegging back KINAL following sudden rise
    Photo by MacroPolis

    PoliticsGreek Politics

    opposition. In the last few days, KINAL has proposed a minimum wage increase, a temporary reduction in VAT on basic goods and the special consumption tax on energy and lower non-labour wage costs

    4%

  10. PM pledges more support as he seeks to resist inflation, pandemic threats
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    million taxpayers. The New Democracy leader also trailed a generous rise to the minimum wage from May... around lower taxes, the minimum wage increase, economic growth, the injection of RRF funds, structural

    4%