Wages in Greece declined by 3.1 percent, on average, every year in Greece from 2009 to 2016, according to a study published this week by the European Trade Union Confederation (ETUC) and European Trade Union Institute (ETUI).
Wages in Greece declined by 3.1 percent, on average, every year in Greece from 2009 to 2016, according to a study published this week by the European Trade Union Confederation (ETUC) and European Trade Union Institute (ETUI).
According to the study, wage-earners in Europe continue to not reap benefits of an economic recovery, as wages are at a lower level than eight years before in seven EU member-states.
Greece holds last place in the ranking with the implosion of wages by 3.1 percent (deflated), followed by Croatia (-1%), Hungary (-0.7%) and Portugal (-0.6%).
Only in three EU countries - Germany, Poland and Bulgaria - did wage increases over the 2009-2016 period exceed corresponding increases between 2001 and 2008.