Household incomes down 15 pct, ELSTAT shows

Household incomes dropped by 15 percent in the second quarter of 2012,

compared to the same period a year earlier, figures by Greek statistics service ELSTAT showed on Thursday.

Welfare benefits went down by 9.5 percent over the same period, data showed while indicating a 7.3 percent reduction in consumption.

At the same time, Greek households were hit by a 37 percent increase in taxes, ELSTAT said.

Households are estimated to have lost 5.4 billion euros in disposable income.