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Compensation of Greek President to Be Cut into Half: Just €11,561/Month

The monthly compensation a Greek President receives will be cut into half. With decision of the finance ministry and effect from September 1st 2012,  the monthly compensation of a Greek president will be 11,561 euro.

After the cut,  he monthly compensation for the President is be equal to twice the salary of member of the parliament. i.e. from 23,122 euro down to 11,561 euro. Respectively one can assure the monthly salary for MPs is 5,780 euro plus expenses and office operation costs.

At the same time, the finance ministry suspends the payment of expenses for the president, the parliament speaker, the prime minister, the members of the cabinet and the leader of the opposition.

State broadcaster ERT wrote that the President’s monthly expenses compensation (without office operation cost etc) were 6,240 euro per month.

Adding the 13th and 14th salary (Christmas/Eastern/Holiday bonus) without the expenses the Greek President used to receive 322,000 euro.

In comparison US President Barack Obama has an annual salary of 450,000 $ (more or less 320,000).

Nevertheless, “the total saving from Presidential compensation cut will be 352,360 euro” write the Greek media.

The proposal to cut the president’s compensation came by the President himself Karolos Papoulias some weeks ago. He waived his compensation already since last February.

However as Greeks have mutated into a really mean folk, Proto Thema  added

“Reducing of monthly compensation for the President, it will affect also the monthly compensations for former Presidents of the Republic.”

Does this mean that two or three former presidents have been also receiving 23,122 euro plus expenses month in, month out? For being ex-presidents? I thought, they were getting several pensions, but compensations? For what?

Someone proposed the compensations for leading politicians, members of the cabinet and of the parliament should be calculated on the basis of the minimum wage. Quite true. Then a new elected MP has the same skills to ‘govern’ as an unskilled worker in a factory or a pizza delivery. Independently of whether they have university diploma or absolved the just obligatory education of 15 years. 5-8-0 euro per month gross.

 

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6 comments

  1. Someone proposed the compensations for leading politicians, members of the cabinet and of the parliament should be calculated on the basis of the minimum wage. Quite true. Then a new elected MP has the same skills to ‘govern’ as an unskilled worker in a factory or a pizza delivery. Independently of whether they have university diploma or absolved the just obligatory education of 15 years. 5-8-0 euro per month gross.

    Glad you agree with me, here is the beginning of one of those fundamental changes needed. You might want to ask the “expenses” question of ex-PMs, ex-ministers, etc as well. I think you would be disgustingly surprised how many perks these guys retain after finishing the job, or rather their stint in power. If they had made a job of it, we wouldn’t be paying through the nose today…

  2. No wonder the working class people of Greece are being brought to their knees. Greedy self indulgent politicians! Why should they continue to receive high payments and expenses,if they were any good at their jobs they would not be ex’s!
    The current annual salary for an MP in the UK is £65,738. In addition, MPs receive expenses to cover the costs of running an office, employing staff, having somewhere to live in London and in their constituency, and travelling between Parliament and their constituency. After the expenses scandal in the UK, when MPs and Members of the House of Lords were sent to prison for abusing he system, all expenses claimed are now available for the public to see on a database via the internet.
    As a Brit living in Greece it breaks my heart to still see these greedy pigs with their noses in the trough. How much more can the Greek people take?

  3. This whole pay-system for politicians is one seriously corrupt world, everywhere.
    Who decides on their wages? THEY DO.
    Who decides on an increase of their wages? THEY DO.
    Who decides on their pension schemes? THEY DO.
    Who decides on their expenses? THEY DO.
    Who decides on their perks? THEY DO
    Who pays for all this? WE DO!
    What is wrong with this picture?

  4. THEY DO? We decide through our votes and authorize them to do what they want. that’s what’s wrong in this picture.

  5. Exactly, they decide how much they are going to earn, because wedo not hold them to account and insist a system of “re-call” is put in place, for the politicians themselves as well as for their decisions.
    People have got to learn that these guys answer to people, but people must make them answer. THAT is what’s wrong with this picture, we don’t, and they know it. Here’s another fundamental change that needs to happen if we want to get out of this mess with a fair, working system.

  6. It is not that they are not doing their job. It is a System.

    Get into Parliament or Government position do your minimum term, exit gracefully. And then collect a nice pension doing nothing.

    While the people in the private sector struggle from day to day to make ends meet. And worry from day to day if they will get their pay correctly if at all.