Greece
Calamos Supports GreeceCalamos Supports Greece

minimum wage

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,...

FEINTS: Greeks Spend Over 40% of Income on Monthly Housing Costs

The European Federation of National Organizations Working with the Homeless (FEINTS) recently did a survey which revealed that Greeks are spending more of their income than any other EU country on housing costs. The costs taken into consideration are everything...

Greeks Pay as Much as Germans to Put Food on Daily Table

"Poor" Greeks are paying as much as "rich" Germans in order to put the daily food on the table, says a World Economic Forum report. The figures on food prices are compiled by the UN Food and Agriculture Organization, which...

Greece's Creditors Insist on Larger Percentage in Mass Layoffs

On their first meeting with new Labor Minister Efi Achtsioglou on Tuesday, Greece's creditors insisted, as previously, on a larger percentage in mass layoffs. The chiefs of mission of the four institutions resumed talks with the Greek side on the...