The standard of living of vulnerable households has suffered a setback for the period 2021-2023, despite the rise in minimum wages, as outlined in the interim report from the labor institute of the General Confederation of Greek Workers (GSEE).
Notable reductions are evident in energy consumption (heating, natural gas, electricity), while the most economically challenged households are cutting back on vegetables, fish, and pasta.
Attempting to limit essential goods like bread proved challenging, leading to increased financial strain due to rising prices. There has been a significant drop in meat consumption across all households, and the impact of inflation on cheese consumption has been particularly high.
GSEE President Giannis Panagopoulos, addressing the recent General Council meeting, highlighted that inflation surged to 31.2% in food and non-alcoholic beverages. Increases in electricity, natural gas, and other fuels reached 39.1%, rents rose by 8.3%, and other goods and services related to housing repair and maintenance by 7.9%.
According to the data, Greeks rank last in per capita income purchasing power, coupled with the sixth-highest indirect tax burden in the European Union. It is noteworthy that the purchasing power of the minimum wage in October 2023 equaled that of 2015.
The General Confederation of Greek Workers has declared a general strike for April 17, with the main demand being an increase in all wages beyond the minimum wage.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greece Defines Continental Shelf Limits and Maritime Zones in Landmark EU Document
The Maritime Spatial Planning (MSP) framework represents a comprehensive approach to spatial planning and is crucial for the successful development of a blue and circular economy
EU Praises Greece’s RRF Progress as Revised Recovery Plan Nears Completion
Athens is preparing to submit its revised “Greece 2.0” Recovery and Resilience Plan after Easter, with a slight delay from the initial timeline but with the European Commission’s approval.
Greek €200M 10Y Bond to be Issued on April 16
The 3.875% fixed-interest-rate bond matures on March 12, 2029, and will be issued in dematerialized form. According to PDMA, the goal of the re-issuance is to meet investor demand and to enhance liquidity in the secondary bond market.
German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.
Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.
Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.
Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.
FM Gerapetritis Calls for Unified EU Response to Global Crises at EU Council
"Europe is navigating through unprecedented crises — wars, humanitarian disasters, climate emergencies," he stated.
Holy Week Store Hours in Greece
Retail stores across Greece are now operating on extended holiday hours for Holy Week, following their Sunday opening on April 13. The move aims to accommodate consumers ahead of Easter, but merchants remain cautious amid sluggish market activity.
Green Getaway Ideas for Easter 2025 in Greece
Celebrate Easter 2025 in Greece the sustainable way with eco-farms, car-free islands, and family-friendly getaways rooted in nature and tradition.
