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

Madison Stefanis’ journey to building a multi-million dollar business

At just 23, Madison Stefanis has transformed her passion for vintage cameras into a thriving $4 million business.

Tahlia Kokkinis secures place in the Australian Open girls’ singles quarterfinals

Young tennis sensation Thalia Kokkinis has prevailed in the Australian Open girls' singles third round against the UK's Brooke Anna Black.

Greek Australians named among the most influential people of the past six decades

The Australian has named 60 individuals who have significantly shaped Australian life over the past six decades.

Evangelia Stivactas inspires young women to get fit with free group tennis sessions

Are you a young woman in Sydney who’s looking to make new friends, stay fit and get healthy mentally and physically?

New Greek restaurant Astoria Bar Kè Grill opens in South Yarra

South Yarra has welcomed a new addition with the opening of Astoria Bar Kè Grill, offering traditional dishes with a modern twist.

You May Also Like

Celebrating inclusivity and empowerment at this year’s Greek Film Festival

This year's Greek Film Festival has a focus on a number of films that celebrate inclusivity and empowerment.

Tanya Gyzi brings her comedy show ‘My Big Fat Greek Single Life’ to the Adelaide Fringe

Tanya Gyzi has been single for 15 years and instead of feeling miserable she has created a comedy act for Adelaide Fringe this month.

Program released for Battle of Crete commemorations in Sydney

The official program of events for the Battle of Crete commemorations in Sydney, New South Wales has been released.