Greek PM announces 50-euro increase in minimum wage from May 1

·

The Greek government will raise the minimum wage from May 1 for a second time this year, Prime Minister Kyriakos Mitsotakis said on Wednesday in a televised address.

“The global surge in inflation is hitting low incomes. From May 1 the basic wage will rise by €50 a month to €713 a month,” Mitsotakis said.

The conservative government raised the monthly gross minimum wage by about 2 percent to €663 in January, meaning that with the new increase the minimum wage will go up by 9.7 percent.

During his address, Mitsotakis acknowledged that pay levels are “indeed low in our country.”

“The wounds of the 10-year financial crisis have not healed and now the surge of inflation globally hurts first and foremost the low incomes and the unemployed,” Mitsotakis said.

“My decision today is centered towards them.”

The pay increase has been criticised by the Opposition party however, with the SYRIZA-Progressive Alliance stating that it “is not even enough to pay electricity bills.”

SYRIZA also claimed that the Mitsotakis government’s “collapse is now final and irreversible” and promised to raise the minimum wage to 800 euros if elected in the next elections.

Source: Ekathimerini.

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Latest News

Venezuela rocked by strongest quakes in more than a century

Venezuela’s capital has been rocked by two powerful earthquakes in quick succession, causing widespread damage.

Tsipras’ new party surges to second place in latest Greek poll

An opinion poll found that Alexis Tsipras’ Greek Left Alliance (ELAS) has become the leading opposition force against the governing New Democracy.

US and Iran set for fresh round of talks in Switzerland

US Secretary of State Marco Rubio has indicated a new round of negotiations between the US and Iran is expected to take place.

Archbishop Makarios of Australia receives Battle of Crete commemorative coin

The President of the Cretan Association of Sydney and NSW, Terry Saviolakis, met with His Eminence Archbishop Makarios of Australia.

Major tax, super and welfare changes to take effect from July 1

A sweeping set of new laws affecting tax, wages, superannuation, Centrelink payments and household costs will come into force from July 1.

You May Also Like

Basile on capturing the comedy of Greek contradiction

Basile the Comedian is bringing his newest show 'Blame it on the Greek' to Australia starting on November 2.

Almost 300 beaches across Greece to become wheelchair-friendly

A project is underway to make almost 300 beaches across Greece fully accessible to people with mobility problems.

Greek Book Fair 2023 to bring celebration of literature to Melbourne

The Greek Book Fair will provide a unique platform for people to introduce and distribute their literary works to the Greek community.