Crisis: Greek salaries far below EU average, report

Just over 44% of unemployed people live in poverty

06 December, 12:54

(ANSAmed) - ATHENS, DECEMBER 6 - The Labor Institute of Greece's two main unions, GSEE and ADEDY, highlighted in a report on Wednesday the decline of Greek average wages as a result of the economic crisis, saying that over the last two years they have slipped from 84% of the European Union average to 74%. However, during the same period, the purchasing power associated with the average wage in Greece has halved. The institute, as Kathimerini reports, also found that roughly one in two Greeks had an income lower than 4,871 euros per year and was threatened by poverty. Just over 44% of unemployed Greeks live in poverty. (ANSAmed).


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