Tag Archives: wages

While the whole world is going forwards, Greece is going backwards. In the year 2013, Greek workers will experience a miracle. Their salaries, sharply cut in the era of loan agreements, will reach – or better say: return – to the levels of 2001! This has been predicted in the …

Read More »

The Memorandum of Understanding, the cuts in wages and pensions concern all Greeks. All nearly all. 500 people working in the public sector, next to deputy ministers and secretary generals of certain ministries will be excluded by the new payroll and receive wages increases instead. Daily “Athesmeftos Typos” revealed that in the ministries of …

Read More »

The President of the Greek Republic Karolos Papoulias will stop receiving compensation for the performance of his duties. Finance Minister Evangelos Venizelos announced this important decision after a meeting with Papoulias on Wednesday morning. “The President asked me to initiate procedures to make this happen” Venizelos told reporters. Newspaper Ethnos had …

Read More »

It is official: 1.029.587 Greeks were without job in November 2011 and unemployment hit a new record reaching 20.9 percent. In comparison, unemployment was 13.5% in November 2010 and 18.2% in October 2011, according to Greek Statistics Authority (ELSTAT). That is, unemployment figures doubled within one year and 405.785 Greeks lost …

Read More »

The Mini Memorandum of Understanding that keeps busy Papademos and the leaders of the three parties forming his coalition government since five hours, contains some shocking austerity measures that will impoverish masses of the population form one month to the next. Troika proposed that the minimum wage will go down …

Read More »

Drawing plans on sheet papers seem the easy way. IMF’s chief economist Oliver Blanchard said that Greece needs to cut wages in private sector to boost competitiveness. However neither Blanchard nor the other wise-guys, economists or not, seem to be able to answer a simple but practical question: With all …

Read More »

While the Troika pressures for further wages cuts in the private sector and lay offs in the public sector, here comes the Greek Labour Minister giving evidence of the dramatic decline in the incomes of the  Greek households. A tremendous amount of €9.2 billion evaporated from the pockets of the Greeks  through …

Read More »

Employees at the headquarters of ruling party PASOK are kindly requested to be patient and show understanding over the delay of their monthly salaries. According to Proto Thema newspaper, PASOK’s general secretary sent an sms to PASOK employees explaining the payroll delay of about 15 days with the delay of the …

Read More »

OK, Greece went bankrupt partly because of the tax evasion. Partly because of 1,000 reasons. But most of all because of the scandalous wages in the public sector and state-run enterprises. There is this delicious report of Greek newspaper Proto Thema  on its online edition. The report focuses on the transfer …

Read More »

I have written many times about the labor relations and the wages in private sector under the sign of the Troika. And every time I put a tittle like Dark middle Ages, Winter or things like that. Today as details from the new austerity package are leaked to the press, …

Read More »

The latest from austerity is Greece: “A youngster  was arrested today in possession of small amount of salary! He claimed it was intended for personal use… ”  This genious news was found in FB, posted by user Di.Di.

Read More »