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Tag Archives: retroactive

“MPs would receive €24,000 in retroactive payments” stirs Greece’s political kitchen

Greek lawmakers secretly voted last week that they are also entitled to retroactive salary payments as those civil servants in the category of special payrolls, media reported on Monday. According to a press release issued on November 12 by the Union for the Protection of Labor (ENIPEKK), each lawmaker is …

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Austerity cuts: Tsipras to return €820mn to special categories of civil servants

Prime Minister Alexis Tsipras announced that certain groups of civil servants will receive retroactive a total of €820 million net for wage cuts during the economic crisis and the bailout agreements. The total amount is €1.4 billion gross including taxes, social security and pension contributions. The money will be paid …

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Greek PPC electricity hikes: 8.6%-9.2% for households, 10-12% for commercial use

Greek Public Power Corporation raised electricity bills 8.6%-9.2% for private households and 10%-12% for commercial, industrial and agricultural use. The hikes will be in effect retroactives from 1. January 2013, while two additional increases will occur within the next six months.                   The hikes refer to energy cost, fee and CO2 emission rights …

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No Wonder Greeks Protest and Launch Strikes…

Quite a number of foreigners -including media and some EU officials – seem to be unable to understand why Greeks lay down their work, go to the streets and protest. Caught in a series of never ending austerity measures that do not give them space to breath, trapped in a bureaucratic state …

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