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

‘Politics sucks, but there is no alternative’: Yanis Varoufakis at the Greek Festival of Sydney

An crowd of 400 came to see Yanis Varoufakis in discussion with Dr. Helen Vatsikopoulos at the NSW Teacher’s Federation Conference Centre.

Cyprus Community of NSW launches Women’s Leadership Programme

The Cyprus Community of NSW has honoured the extraordinary contribution of Cypriot women while announcing a landmark initiative.

Yanis Varoufakis returns to the Greek Centre to launch new book

On Tuesday, March 3, Nikos Papastergiadis welcomed the world-renowned economist, Yanis Varoufakis, back to the Greek Centre in Melbourne.

OEEGA NSW marks International Women’s Day with awards, philanthropy and cultural celebration

The achievements, resilience and community contributions of Greek Australian women were celebrated at a special IWD event hosted by OEEGA NSW.

Panellists share journeys of resilience at The Greek Herald’s IWD event

A powerful and deeply personal panel discussion became one of the standout moments of 'Restoring Balance: Hellenic Women Leading Change'.

You May Also Like

Second gold and new record for Marios Bilas at the European Swimming Championships

After Stergios-Marios Bilas’s gold medal win in the 50m freestyle, the Greek swimmer also took first place in the 50m butterfly.

Alexander Epakis named Perth Glory’s new Westfield W-League Head Coach

Perth Glory announced on Friday the appointment of Alexander Epakis as the club's new Westfield W-League Head Coach.

‘Ensures its future’: Theo Maras on Adelaide Central Market development approval

Adelaide Central Market chair Theo Maras said that Adelaide Central Market development is a one-in-a-100-year opportunity.