Calamos Supports Greece

Greece

Greek PM Calls on Politicians to Offer Half of Salaries to Fight Coronavirus

Greek PM Kyriakos Mitsotakis has called on all government ministers and ruling New Democracy lawmakers to contribute half of of their wages for the next two months to a special fund in the battle against coronavirus. Mitsotakis's appeal comes as...

Greek Football Players Strike Over Unpaid Salaries

Greece's Super League is facing even more turmoil as reports suggest top-flight Athenian club Panathinaikos' players have downed tools in a strike over salaries. Although the struggling side is expected to play their league game against Atromitos on Sunday, it...

The Shameful, Shocking €100/Month Truth About Greek People's Salaries

The situation for Greek employees is getting worse by the month. Recent data released by the Greek Labor Ministry state that 126,956 private-sector employees are only receiving gross salaries of 100 euros per month. A total of 343,760 employees...

Police and Military Personnel Protest Over Slashing Salaries

As protests continue over cutting salary and employment, on Wednesday personnel from the Greek military and police also got in on the action, staging their own protest outside of the General Accounts Office in Athens. They said that they are protesting...

Study reveals salaries in Greece remain low

The majority of high school graduates and professionals with university degrees in Greece earn between 451-1,000 euros per month, according to a new survey by intrajobs.com. Specifically, the majority of participants have a university or college degree (33.55%), while 38.03%...

FinMin Plans to Restructure Special Salaries in Civil Service Sector

A recently developed Finance Ministry plan may cut the number of special salary categories in the civil service sector from 20 to less than half that number, Greek newspaper Kathimerini has reported. There will also be other changes to the current salary system,...

Psychiatric Hospital Employees Protest at Labor Ministry, No Salaries Paid for 5 Months

Among financial hardships austerities have brought on in Greece, there is mounting outrage by Greek people who are employed but do not get paid in both private and public sectors. Last Wednesday, cleaners employed at the Dromokaitio Psychiatric Hospital in Haidari protested outside...

Salaries, Pensions Not Excluded from Automatic Spending Cuts in Greece

Wages and pensions are not excluded from the automatic spending cuts the Greek government is obligated to make if it fails to reach fiscal targets in 2017. Greece has proposed to its lenders a mechanism that would automatically cut state...

Greek Private Sector Employers Owe an Average of 5 Monthly Salaries to 1 Mln Employees

The economic crisis in Greece has hit hard private sector employees with one million of them remaining unpaid for an average of five months, says an Ethnos newspaper report. The decline of labor relations has led one million employees of...

SYRIZA: Greece to Pay Salaries and Pensions Over Debt

SYRIZA's Central Committee and Parliamentary Group unanimously passed a resolution urging the Greek government not to submit to "memorandum-style" agreements. The resolution notes that the government has for four months refused "shameful ultimatums" but stressed that this does not mean that...

Greek Gov’t: No Problem with Payment of Salaries and Pensions

The Greek government reassures the society that there is not problem with the payment of salaries and pensions, according to government sources that added that all the necessary measures have been taken. In an unofficial note the government stated that...

The "Greek" Salaries of the Italian League Campionato

The no1 selling sports newspaper in Italy "Gazzetta dello Sport" displayed the salaries of all players featured in the Italian Serie A this coming year. For the first time in history, there are nine Greek players present in Italy's first...

Salaries of Judges to Pre-Crisis Level

The cuts in the salaries of judges were deemed unconstitutional on the principle of proportionality and the constitutional rule of equality and thus their salaries will return to pre-crisis levels. According to a report by the General Accounting Office of the...

Salaries in the Greek Public Sector Reduced, Taxes Increased

Research by the Hellenic Statistical Authority (ELSTAT) into the Government’s general quarterly non-financial accounts, has again recorded the continuous reduction of salaries, and pensions of retired employees, and of the wider public sector, as well as a further reduction...

Greek Management Salaries

According to the annual salary and benefit survey conducted by KPMG per sector, managers of the pharmaceutical and agrochemical sectors appear to be the “champions” in domestic entrepreneurship for 2013. KPMG’s surveys have been present in the Greek market for...