Crisis: survey, 1 out of 3 Greeks earns 300 euros per month

A new study reveals how the bailout has affected wages

15 September, 10:55

    (ANSAmed) - ATHENS, SEPTEMBER 15 - About one in three employees in Greece earns just over 300 euros after taxes (440 euros gross) as daily Ta Nea reports today publishing a shocking study on the private sector in the country. According to the survey that was conducted by GSEE's Labor Institute, such employees are typically in part time jobs, with reduced working hours and job rotation. INE-GSEE's scientific director Savvas Rompolis estimated that about 500,000 in the private sector work in part time jobs. Furthermore, the INE-GSEE study shows how average wages have shrunk due to the flexible and cheap labor relations that have dominated the job market due to the bailout legislation. In 2014, the average annual wage in Greece has been estimated to be 21,930 euros, less than in Slovenia (24,472 euros) and Cyprus (22,740 euros. Higher up in the list are France (49,256 euros), Ireland (44,377 euros), Germany (38,964 euros) and Spain (34,584 euros). (ANSAmed).

    © Copyright ANSA - All rights reserved

    Business opportunities

    The information system of business
    opportunities abroad

    News from Mediterranean