Greece to Raise Minimum Wage First Time since 2009



The Greek government on Wednesday tabled to parliament a draft amendment to increase the minimum wage for the first time since 2009, when the economic crisis started.

Labor Minister Efi Achtsioglou is to submit the amendment to parliament today (Thursday) and ask for the fast track procedure to legislate the amendment.

The move comes after Prime Minister Alexis Tsipras announced a series of relief measures following the end of the third bailout program during the Thessaloniki International Fair.

According to analysts, it is a move that — along with the promise that there will not be any further pension cuts — aims at restoring the government’s waning popularity after the deadly East Attica fires.

The minimum wage, currently at €586 per month, will increase to €606-610 per month in the beginning of 2019, following talks between employers, unions and the ministry.

According to the labor ministry, the raise in the minimum wage is to reflect the improvement in the economy and at the same time reward the Greek people for the sacrifices they made during the crisis.