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

Sydney hosts formal reception for Greece’s new Consul General and Trade Commissioner

People gathered in Sydney’s CBD to welcome Greece’s new Consul General George Skemperis and Trade Commissioner Christina Stefanidou.

Greek Consulate in Sydney to overhaul services amid backlog concerns

Greece’s Consul General in Sydney, George Skemperis, has announced a series of measures aimed at improving consular services.

Cyprus Community of NSW voices concern as Middle East tensions place island on the frontline

The Cyprus Community of New South Wales has expressed deep concern following escalating tensions in the Eastern Mediterranean.

Melbourne real estate agent Spiro Kardamitsis wins case against Nelson Alexander

Melbourne real estate agent Spiro Kardamitsis has successfully defended himself against Nelson Alexander at the Victorian Supreme Court.

Victoria Police seek public help to locate Badelis Kotsopoulos

Victoria Police are appealing for assistance in locating 37-year-old Badelis Kotsopoulos, wanted on a warrant for fraud-related offences.

You May Also Like

Greek-Australian duo, Xylouris White, building their own sound in the varied Australian music scene

Xylouris White are a two piece band comprised of Greek lute player, Giorgios Xylouris, and Australian drummer Jim White. Xylouris is the son of popular...

Exciting semi-finals set stage for the 2024 Greek Community Cup final

The 2024 Greek Community Cup semifinals exploded into action yesterday, setting the stage for an unforgettable final this Sunday.

Greece moves to secure rare photos of Nazi execution in Athens

Rare photographs believed to show the final moments of 200 Greeks executed by Nazi forces in 1944 have surfaced online.