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

Share:

KEEP UP TO DATE WITH TGH

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

Latest News

What happens to a lease in Greece when a landlord dies?

When a landlord passes away, their rights and obligations do not disappear. Instead, they are transferred to their heirs.

Australian and US Greeks drive international demand for The Ellinikon

Residential developments at The Ellinikon continue to attract strong international interest, with buyers coming from more than 110 countries.

Greek school opens in Tanzania, reviving language and culture

The newly established Greek school of the Greek community in Dar es Salaam, Tanzania, began operating this year.

Shoulder season travel to Europe gains ground among Australians

The annual stream of European summer holiday photos now seems to stretch well beyond the traditional peak.

Echoes from the past: Bust of the Roman Emperor Hadrian

No other Roman emperor was so influenced by Greek culture, and in return no other Roman shaped Athens so much.

You May Also Like

ANZ challenges $100m claim from former trader Etienne Alexiou

ANZ is contesting a claim by its former trader Etienne Alexiou, who alleges he would have earned $100 m had he not been dismissed in 2015.

Main charge dropped against anti-China protester Drew Pavlou

The main charge against anti-China provocateur Drew Pavlou has been dropped by the police after a Chinese-language sign incident.

Last chance to register for the 44th National Cretan Federation Convention in Sydney

Time is running out to register for the 44th National Cretan Federation Convention, with registrations officially closing on 1 December 2025.