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Greece

Minimum Wage in Greece: A Tale of False Promises and Hopes

The Greek government announced on Monday that from January 1, 2022 the minimum wage in Greece will increase by 2 percentage points.

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...

Greece Lags Behind in Minimum Wage, Purchasing Power

Greece is close to the bottom among countries regarding the minimum wages earned by workers, and Greeks have little real purchasing power, according to data from Germany's Wirtschafts-und Sozialwissenschaftliches Institut (WSI). Greece's low ranking is attributed mainly to the economic crisis the nation has...

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)...

Greece's Tsipras Vows to Raise Minimum Wage

The priority for the government will be to regulate the labour market and increase the minimum wage, Prime Minister Alexis Tsipras said on Friday, addressing the new cabinet formed after the recent government reshuffle. This was the first cabinet meeting...

Greece Wants to Raise Minimum Wage, Says Minister

The government's aim is to increase the minimum wage, Labour Minister Efi Achtsioglou stated on Monday while speaking to Greek public broadcaster ERT. Achtsioglou said that once collective labor agreements are restored in August, something that has been already legislated,...

Greek Minimum Wage Fell by 19.5 Percent Since the Start of the Crisis

Greece holds the record for the sharpest slide in the minimum wage levels from 876.62 euros at pre-crisis levels to 683.76 euros (current rate). In the last eight years from 2008-2016, the minimum wage has been slashed by 19.5 percent in...

Minimum Wage Drops Further in Greece

Minimum wage has dropped further in Greece, putting the country in 12th place among European Union member states, according to the latest Eurostat figures. The new ranking puts Greece above Portugal and the former Eastern Bloc countries, while Spain and...

Desperate Greeks Signing Contracts that Pay Less than Minimum Wage

As unemployment soars in Greece, new employment contracts for Greeks desperately seeking work are emerging. The Ergani database system of the Greek Labor Ministry records the flow of employment across Greece in terms of region, sector, company size and contract type, among...

Greek Labour Min: Gov't Will Implement its Pledges on Minimum Wage and Collective Contracts

The Greek government's pledges for minimum wage and collective contracts will be implemented, Greek Labour Minister Panos Skourletis on Tuesday reassured addressing an event on the occasion of the World Day for Safety and Health at Work. Skourletis stated that...

Eurostat: Minimum Wages up in EU Except Greece in 2015

Greece is the only EU member-state where its nominal gross minimum wage fell in 2015 compared with 2008, to 684 euros from 794 euros, a decline of 14%, Eurostat said on Thursday. In a report on minimum wages in the...

ESEE: Raising Minimum Wage Will Boost Greek Economy

The National Confederation of Greek Commerce (ESEE) appeared supportive toward the newly elected Greek government's proposal to gradually restore the country's minimum wage to 751 euros. In a statement issued on the matter, ESEE estimated that such a development will...

Restitution of Minimum Wage, Layoffs Cancelled, Health Insurance for All, Citizenship to Immigrant Children; Some of First Reforms by Coalition

The restitution of minimum wage, granting citizenship to children of immigrants born here, the rehiring of public sector employees unduly laid off, were some of the reforms that will be implemented immediately, as reported after the first cabinet meeting. Labour...