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Three interventions to improve households’ income

Finance Minister Christos Staikouras proudly announced on Monday three government interventions aiming to improve the income of most households plagued by the inflation.

These three interventions concern the increase of pensions by 7.75%, something that will be visible next week in February’s payments, the increase of the minimum wage from April 1, and the Food- or Market-Pass with the platform scheduled to open mid February.

The government’s economic staff is working on different scenarios that, depending on the course of the economy in the near future, some of them will be implemented immediately, he added.

To all the above interventions there maybe come a fourth one which will derive from the better than expected performance of the Greek economy and consequently to the creation of additional fiscal space, Staikouras underline, however, without elaborating.

PM Kyriakos Mitsotakis is expected to hold a press conference Monday noon regarding the cause of the Greek economy and maybe announce also the fourth intervention or other promises to improve households’ income as parliamentary elections near.

PS issue is that these 3 interventions are not new and have been announced several times, practically once a week, since November/December 2022.

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4 comments

  1. Aww, so cute. An election always brings out the kinder side.

  2. “PS issue is that these 3 interventions are not new and have been announced several times, practically once a week, since November/December 2022.”

    On a 24 hours basis, too many people don’t remember very much at all – that is a symptom of “Overload” (eg too much stress) so for many, these interventions will “seem” to be new.

    As Savvas says – “An election always brings out the kinder side”.

    I can only wish that the majority do not become be-fooled in April.

  3. I’ll believe the 7.75 % pension increase when I see it on my bank statement. Until then it is just words and in Greek politics words are a valueless currency.

  4. In the interest of fairness as a follow up to my previous comment, my main EFKA pension was increased in my payment near the end of January . The increase was less than 7.75 %, i.e. about 5.75 %, and the auxiliary pension was reduced but only by €0.74. These are net figures so I suppose it is possible that the gross pension was increased by 7.75 % but that deductions were also increased bringing the net figure down or perhaps not everybody qualified for the full 7.75 %? Who knows? EFKA certainly don’t ever bother to inform people.

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