Greece: Unions protest against budget constrained by pandemic costs

·

Labor unions led by the Greek Communist Party staged a protest during a parliamentary budget debate Thursday. 

They demand a return of wage and pension levels that were axed during three successive international bailouts.

Some 2,000 protesters gathered in front of the parliament building in central Athens as lawmakers debated the 2022 budget. 

The budget includes a proposed 2 percent minimum wage increase that would take effect on Jan. 1.

Bailouts financed by other eurozone countries and the International Monetary Fund when Greece was on the brink of bankruptcy during 2010-2018 resulted in repeated salary and pension cuts. 

The minimum wage was reduced by more than 20 percent in 2012.

About half of the decrease was restored after the bailouts ended, and the minimum currently is 758.33 euros ($857.23) on an average monthly basis.

Greek Finance Minister Christos Staikouras said despite the 6.9 percent growth forecast for this year, spending on the health service and income support during the pandemic allow for only modest increases in social spending.

Source: AP

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

From passion to production: Steven Koutzoumis launches SoundCult studio in Sydney

In the heart of Beverly Hills, a fresh sound is taking shape - and it’s being led by young Greek Australian Steven Koutzoumis who has a vision

Greek immersion in the early years pays off for Year 8 student Mariah Palaktsoglou

Year 8 student Mariah Palaktsoglou won the Hellenic Dreaming High School Short Story Competition held by the Greek Museum of Adelaide Inc.

Faith, family and football: The making of Nectarios Triantis

Growing up in a bustling Greek Australian household in Sydney, footballer Nectarios Triantis was never far from a football - or chaos.

Bella Spasis’ big deal: Live music in Victoria set to thrive

Greek-Victorian bar owner, Isabella (Bella) Spasis, hosted a remarkable event at her venue, ‘The Dog’s Bar’ early on Sunday morning, July 6.

GOCNSW Home for the Aged welcomes Consul General and celebrates its donors

The Greek Orthodox Community Home for the Aged played host to the Consul General of Greece in Sydney and some of its major donors.

You May Also Like

Greece’s Foreign Ministry brings more nationals home from war-torn Israel

The Greek Foreign Ministry has announced that a flight chartered for locals has brought home an additional 90 citizens from Israel.

Inaugural Hellenic Cup to take place Australia Day long weekend in Brisbane

Four Greek heritage football clubs will come together for the first Hellenic Cup 2024 tournament in Brisbane.

Greek Australian property owner in dispute with neighbour over miscalculated Vaucluse harbour view

A block of land that mysteriously grew 200 square metres overnight has turned an exclusive waterfront pocket of Vaucluse into a battleground