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

SoulChef Sundays: Georgia Koutsoukou shares the secret to authentic Greek bakali halva

Chef Georgia Koutsoukou — the Kalamata-born chef known as “SoulChef” — continues her SoulChef Sundays series with The Greek Herald

History, heart, and the pull of Crete: Christopher Cosmos’ new novel

Speaking with The Greek Herald, Cosmos opened up about how the novel came together – and why it's close to his heart.

Greek Prime Minister cancels Australia visit amid Middle East tensions

Kyriakos Mitsotakis has cancelled his planned Australia visit for the March 25 celebrations due to escalating tensions in the Middle East.

Fitness influencer Kayla Itsines buys spectacular Gold Coast waterfront mansion

Fitness entrepreneur and influencer Kayla Itsines has purchased a luxury waterfront mansion on the Gold Coast for $13 million.

“Fava” beach in Halkidiki set for auction – concerns raised by residents and authorities

An auction for the lease of a 450-square-metre section of “Fava” beach, one of the most well-known and heavily visited beaches in Sithonia.

You May Also Like

Trust-building steps taken in Cyprus, but peace talks still elusive

Cyprus' rival leaders, Greek Cypriot President Nikos Christodoulides and Turkish Cypriot leader Ersin Tatar, made some progress on Wednesday.

Tax authorities pay visit to Jon Adgemis’ Public Hospitality Group

The latest intervention by officials from the ATO could risk upsetting Jon Adgemis' latest attempts to secure a $500 million debt deal.

Oakleigh Grammar students shine in Certificate of Attainment in Greek

Oakleigh Grammar has celebrated the outstanding success of 12 students who undertook the Certificate of Attainment in Greek examinations.