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

Hellenic Lawyers’ eligibility decision excludes State Chair one day before election nominations

The Hellenic Australian Lawyers (HAL) is facing growing scrutiny over how its membership rules are being interpreted.

Historic Epiphany celebrations draw hundreds to Batemans Bay

Hundreds gathered in Batemans Bay to celebrate Epiphany, as young Canberra diver Julian Pilavakis retrieved the Holy Cross.

Panos Morogiannis retrieves the Holy Cross at Canberra Epiphany celebrations

The Greek Orthodox Community and Church of Canberra and Districts hosted the annual Epiphany service in the nation’s capital on Sunday.

APL takes interim control of Mariners as ownership sale proceeds amid Hanlin bid

The APL has taken interim control of the Mariners, placing the club’s sale process - including the Damon Hanlin's bid - under oversight.

Love and luck at Port Melbourne: The real estate agent who caught the cross

Under a mild 17°C summer sky at Princes Pier, Melbourne’s Greek Orthodox community celebrated Theofania (Epiphany) on Sunday, January 11.

You May Also Like

Giannis Antetokounmpo among list of 100 highest-paid athletes globally

NBA star Giannis Antetokounmpo is the only Greek player to be named among the list of 100 highest-paid athletes in the world.

Frydenberg unveils biggest deficit since World War II

Treasurer Josh Frydenberg has revealed the budget will be in the red by $85.8 billion in 2019-20 and $184.5 billion in 2020-21.

Alex Hawke MP accused of acting as ‘leader by proxy’ in Liberal Party rift

Alex Hawke MP has become the focus of Liberal Party unrest, with conservatives accusing him of acting as Sussan Ley’s “leader by proxy.”