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Daily Archives: October 3, 2016

Greece’s draft budget 2017: charming projections with an extra burden of €1.8bn for taxpayers

Economic growth 0f 2.7%, primary surplus at 1.8%, unemployment down to 22.4%, recession at 0.3% and additional revenues of 1.835billion euros. These are the projections in the draft budget the Greek government submitted to the Parliament on Monday. This charming  “€1.8billion” in revenues describes the additional direct and indirect taxes …

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Greek police fires teargas at elderly protesters (video, picts)

Greek police fired teargas at protesting pensioners when the few hundreds to elderly men and women attempted to break the police cordon and walk towards the office of the Prime Minister. some pensioners commented “Thanks for the treat!” via @MakisSinodinos Pensioners from several sectors had come to downtown Athens in …

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Wise Men proposal: Minimum wage for employees below 25 to be €434 gross, ie €364 net

The so-called Wise Men Commission suggested to Greek Labor Minister Giorgos Katrougalos to lower the minimum wage for young employees below 25 years old to merely 434 euro gross per month which is €364 net. According to the Wise Men’s findings, the minimum wage for this category of employees should …

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