Calamos Supports Greece

minimum wage

Damanaki Says Minimum Wage Cut Seen

After hoping to quash speculation that the government would again lower Greece's minimum wagem which has already been cut 22 percent to 586 euros ($777) a month before taxes, the European Union's Maritime Affairs and Fisheries Commissioner Maria Damanaki...

EU Says Rehn’s Comments Misunderstood

European Commission officials that its finance chief Olli Rehn's statements concerning the minimum wage in Greece were not understood correctly. They said what he really meant was that it would be changed, although not reduced. They did not say...

Cabinet Cuts Minimum Wage as Austerity Drive Begins

Greek ministers agreed deep cuts to the minimum wage on Tuesday, slashing living standards for low-paid workers as Athens began implementing measures demanded by international lenders in return for a 130 billion euro rescue package. Cabinet approved the cuts, which...