Greek President’s Salary Halved, Expenses Eliminated

The Greek President’s salary is about to be halved under an amendment put forth in the Parliament, although it is moot for the current office holder, Karolos Papoulias, who has waived the monthly salary of 23,122 euros, some $30,351, plus the monthly expense allowance of 6,240 euros, or $8,191, for a combined total of $38,542.

The total annual compensation for the symbolic office, which has virtually no powers, is $462,504, more than U.S President Barack Obama’s annual salary of $400,000 plus a $50,000 annual expense account.

The Presidential position will now have a monthly salary of 11,561 euros, or $15,175 while the expense account will be eliminated. Papoulias cited the crushing economic crisis and ongoing austerity measures that have seen big pay cuts, tax hikes and slashed pensions for Greek citizens as the reason he decided to foregoe his salary and expenses.

Greek media reported that the idea to slash the President’s salary and benefits came from Papoulias, but he did not comment, although earlier this year he suggested the change. The change will save the government 350,000 euros, or nearly $460,000 a year.



  • The maverik

    Cutting the President’s salary wont help solve the problem. The issue here is establishing a system with new technology same as any other european country with professional civil servants who are qualified with knowledge of the country’s rules and regulations as the present civil servants do not know how to operate a computer nor printing a single sheet neither have knowledge about the country’s rules and regulations just getting paid huge sum of money and benefits without positive productivity. According to March 2012 statistics, England has 600,000 civil servants for a population of 63 million….

  • Cypriot

    Why not cut the salaries of the politicians as well?

  • Anonymous

     Sure it helps. Every bit helps. Every Greek, rich or poor, must accept cuts. The presidents pay was a perfect example of the extravagant over spending going on by our government.

  • Anonymous

     Spot on. That too needs to be done.

  • The maverik

    @187f43006a70762c7bda32bc86e1b3ac:disqus  Corruptionocracy must be eliminated for the country to go forward…

  • The maverik

    These cuts shoud’ve been done long time ago not just by the President but also by all politicians…