x

Society

Study Shows Greeks Wages Fell 19.1% Under Austerity, Worst in EU

March 20, 2018

A nearly eight-year-long economic crisis that put brutal austerity on Greeks drove down workers wage 19.1 percent since 2010, the sharpest drop among European Union countries studied in a report from the European Trade Union Institute (ETUI).

The quality of life continued to worsen under the ruling Radical Left SYRIZA-led coalition of Prime Minister Alexis Tsipras who promised to reject more harsh measures demanded by international creditors but instead imposed more, including pension cuts, an avalanche of taxes and coming taxes on low-and-middle income families while the rich, politicians and tx cheats continued to escape with near-impunity.

The ETUI is the independent research and training center of the European Trade Union Confederation (ETUC) and its report found big losses in wages, the most in Greece from 2000-17. SYRIZA came to power in 2015 with promises to help workers, pensioners and the poor who have fared even worse under the Leftists than under previous governments.

Cyprus, which, like Greece, had to rely on international bailouts, was next worse with a 10.2 percent loss in pay followed by another bailout country, Portugal, with an 8.3 percent drop.

RELATED

ATHENS - Temperatures fell below 0C (32F) on Saturday morning in some areas of Greece, according to the automated meteorological stations of the National Observatory of Athens/meteo.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Mitsotakis at UN Calls on Turkey to Scale Down Rhetoric

UNITED NATIONS – The European Union's response to authoritarianism and a threat to democracy, Turkey's escalating aggression, and the threat of climate change were the focus of Greek Prime Minister Kyriakos Mitsotakis' brief address to the 77th United Nations General Assembly on Friday night (Athens time).

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.