Greece to increase minimum wage for third time in a year

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The Greek government is examining the prospect of raising the minimum monthly wage to €780 from the current €713 level to reduce the effects of rising inflation. This will be the third increase in a row in the last one year. 

Labour and Social Affairs Minister Kostis Hatzidakis announced that he intends to introduce an amendment in the parliament in the next days and he will inform all the stakeholders regarding the timetable of the deliberations.

“As we did last year, a balanced solution will be found that will lead to a substantial and fair increase of the minimum wage, which will combine two parameters: easing the pressure on households and boosting the competitiveness and resilience of businesses, which are also suffering as a result of the international crisis,” the minister said according to amna.gr.

Mr Hatzidakis also spoke about the unemployment in Greece and he stressed that “we received an unemployment rate of almost 17.5% and today it is 11.4%. This 6.1% drop was not automatic but it was the result of our policies in the tax, fiscal, labour and insurance sectors”.

Source: amna.gr

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