Rising inflation taking larger chunk out of Greek retirees’ pensions

·

Pensioners in Greece are feeling the hit of the rising global inflation and are struggling to keep up with the increasing cost of living including the energy prices taking a toll on households. 

Greek pensioner, Christos Vassilopoulos spoke to international media about his rising monthly bills and said that the totals are huge. 

“My pension has not changed. Things are becoming ever more expensive. What can be done? Prices are going up like crazy.” the pensioner said. 

“You go to the market and find a product that sells for, say, three euros. The next day, the same thing costs six euros already.”

An elderly woman buys vegetables at a street market in Athens, Greece. Photo by Lefteris Partsalis/Xinhua

In 2023, the government will raise pensions by up to 7% for the first time in 12 years but for Vassilopoulos it is not enough to mitigate the financial damage that this will do to his and many others’ household bills. 

The Hellenic Statistical Authority (ELSTAT) reports that in September, Greece’s inflation rate was 12 percent. Natural gas prices increased by 332 percent in the same month compared to the same time in 2021, while heating oil and electricity prices increased by 65.1 and 30.5 percent, respectively.

In early October, the country’s pensioners’ associations staged a protest in the capital, demanding an increase in the minimum pension from 384 euros to 650 euros per month.

“How can a family live on 400 euros?” said another pensioner, Evgenia. 

Source: English.news.cn

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Capturing legacies: The proika exhibition’s emotional tribute to Greek migrants

On Wednesday, November 20, the proika exhibition opened to a crowd of eager guests at the Thematikos x MBO Tailors creative space.

Golden Era Gala: A reunion with a cause to combat brain and rare cancers

White Pearl Foundation and Cquence Foundation have announced the Golden Era Gala to be held at the Hyatt Regency Sydney on November 30.

Melbourne scientist Steven Petratos offers hope to thousands with multiple sclerosis

The image of Steven Petratos’ grandfather, confined to a chair with trembling hands, left an indelible mark on his childhood.

Former Victorian Premier Jeff Kennett to launch book on Nick Thyssen’s legacy

Former Victorian Premier Jeff Kennett, supporter of Greece and its diaspora, will launch the biography of Nick Thyssen (Nikos Theodosiadis).

Ithacans in Melbourne enjoy sell-out film screening to support archaeological preservation

On Sunday, at Palace Como in Melbourne, a sell-out crowd of 135 Ithacans and friends gathered to see the historical epic, The Return.

You May Also Like

Sophie Cotsis MP comments on SafeWork NSW review

A report highlighted serious fails with SafeWork NSW, leaving the agency criticised for excessive “light touch” investigations.

New study claims to have identified tombs of Alexander the Great’s family

Nearly five decades ago, archaeologists brought to light a remarkable find while excavating the ancient settlement of Vergina in Greece.

Acropolis Funeral Services raise funds for Ronald McDonald House in Sydney

Acropolis Funeral Services held their fundraising event to support the fundraising efforts of Ronald McDonald House Charities Sydney.