Calamos Supports Greece

minimum wage

Workers in Greece Strike in Protest to the Rising Cost of Living

Labor Unions in Greece have called a 24-hour strike on Wednesday in protest of the rise in the cost of living that affects hundreds of thousands of workers. "We cannot live with dignity" is the central message of the protest...

Greece Lifts Minimum Wage by €50 to €830 Per Month

Greece's Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780. The decision will take effect from April 1st and relieve workers “without affecting...

Greece Raises Minimum Wage For Third Time Since 2020

Greece will raise the minimum wage from April 1 for a third time, Prime Minister Kyriakos Mitsotakis said on Friday, as high inflation takes a toll on household incomes. “I am under no illusions. I know that wages in our...

Husband Ordered to Pay Ex-wife $213,000 for Unpaid Housework

A court in Spain has ordered a businessman to pay his ex-wife an amount equal to $213,000 for the 25 years that she worked unpaid in the house. Judge Laura Ruiz Alaminos, who was ruling over the case in Velez-Malaga...

Greek Economic Growth to Exceed Eurozone Average in 2023

Greek economic growth was solid in the first half of 2022 and it is projected to continue in 2022, 2023 and 2024, surpassing the EU and the eurozone average growth rates, the European Commission said in its winter economic...

Greece Raises Minimum Wage by €50 a Month

Greece's Prime Minister Kyriakos Mitsotakis announced on Wednesday that the minimum wage will be raised by €50 a month ($54) from €663 at present to €713 ($773) beginning on May 1st. In a televised address, Mitsotakis asserted that the latest...

Greece's Creditors "Concerned" About Minimum Wage Hike

Greece’s creditors expressed deep concern on Thursday over the recent decision by the government to increase the minimum wage by 11 percent, according to reports. "Not even the Greek experts had proposed a minimum salary hike of 11 percent," an...

Greece Raises Minimum Wage to €650, Nixes Sub-Minimum for Under-25s

Greek Prime Minister Alexis Tsipras announced on Monday that the nation will raise its minimum wage to €650 ($745) per month, and his government will abolish the ''sub-minimum'' wage which has been paid to those under the age of 25. Tsipras declared...

Greece to Raise Minimum Wage in February

The Greek government will increase the minimum wage effective February 1st, according to Labor Minister Effie Achtsioglou. She announced the measure on Friday in an interview with the News 24/7 radio station in Athens. "The increase will be implemented as...