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  1. Manufacturing wage cuts were turned into profit, GSEE study claims
    Photo via Flickr https://flic.kr/p/3pyqsB

    EconomyFeatures

    A study by the General Confederation of Greek Workers (GSEE) has stated that lower wages during the crisis resulted in greater profit margins for companies rather than lowering prices. Wage... claims that this indicates that rather than pricing in wage reductions, as other industries appear

    20%

  2. Government hails rising wage data, but full picture tells more complex story
    Photo via https://flic.kr/p/MsYXsT

    EconomyMacroeconomy

    . The government has made a pledge to bring the average wage to 1,500 euros by 2027, and the data from... and wholesale. These are sectors where minimum wage arrangements are often prominent. A recent study

    20%

  3. Greece and the euro: The flight of Icarus

    Agora

    fallen by 19 percent compared to the European average, the minimum wage has been slashed by 22... ($310 billion) from its bailout is going towards repaying existing debt means the amount Greece owes... spending has fallen dramatically and the government wage bill has been trimmed. The number of civil

    19%

  4. Reactions to reshuffle continue as government seeks fast track prosecution of former minister
    Photo by MacroPolis

    PoliticsGreek Politics

    . On Monday, Deputy Energy Minister Nikos Tsafos came under fire from opposition parties over... to show understanding for some of Turkey’s claims in the Aegean make Tsafos unsuitable to hold such a sensitive post. Tsafos, who had previously served as Mitsotakis’s advisor on energy, was forced

    19%

  5. Private sector employees increase in 2018 along with average wage rise of 4.6 pct
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    and 35 hours per week. The gross average monthly wage (including full and part-time employment) rose

    18%

  6. Wage growth halves to 1.2 pct in Q3

    EconomyMacroeconomy

    percent in the first quarter of 2013 due to extensive wage cuts, job losses and internal devaluation

    18%

  7. Mitsotakis asks voters for four more years to deliver high-wage, low-tax programme

    PoliticsGreek Politics

    and reduced non-wage costs. He also pledged to hire 10,000 more healthcare workers alongside

    18%

  8. Wage growth continues for sixth quarter, up 5.9 pct YoY in Q3
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    of 2013 due to extensive wage cuts, job losses and internal devaluation objectives of the adjustment

    18%

  9. Wage index drops by 1.7 pct YoY in Q3 for first decline in two years

    EconomyMacroeconomy

    as 11.2 percent in the first quarter of 2013 due to extensive wage cuts, job losses and internal

    18%

  10. Seasonality drives wage index up by 4.9 pct YoY in Q4
    Photo by MacroPolis

    EconomyMacroeconomy

    quarter of 2013 due to extensive wage cuts, job losses and internal devaluation objectives

    18%