Thursday December 18, 2014 Search
Weather | Athens
17o C
10o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Salaries drop by over 10 pct within a year

Salaries in Greece have declined by a remarkable 10.1 percent within just one year, from the first quarter of 2012 to the same period this year, returning to levels last recorded in 2006.

Since the austerity program came into effect in the first quarter of 2010, salaries have dropped 22.3 percent, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday.

The first quarter to show an annual decline in salaries was the January-March 2009 period, with a rebound in the next four quarters up to the second quarter of 2010, when salaries began their steady slide, as was expected due to the continuing contraction of the Greek economy.

The data do not concern salaries in the primary sector, in health, education and the public sector in general.

On a quarterly basis, the drop in salaries in Q1 of 2013 amounted to 24.3 percent compared with the last quarter of 2012, although it should be noted that the last quarter of every year includes the Christmas bonus (usually as high as a full months salary), which makes salary figures appear considerably higher over that period.

ekathimerini.com , Tuesday Jul 2, 2013 (23:01)  
Election looms as Samaras fails to win vote for president
Stores will open on Dec 28, but traders arent too happy about it
More Britons and Americans eyeing Greece for vacations
Vodafone and Wind to bid for Forthnet
Universities ask state to reverse mobility scheme
Rectors representing the countrys largest universities on Wednesday appealed to the government to take immediate action to relieve operational problems at the institutions that have been ca...
Thessaloniki metro off track again
The troubled project to construct a metro system in Thessaloniki, which is already several years behind schedule, could be set for another blow as the consortium building the underground tra...
Inside News
BASKETBALL
Pappas helps Greens overcome Aris
An impressive Nikos Pappas averted an upset by Aris and ensured Panathinaikos retained its perfect record on Tuesday, one day after Olympiakos thrashed Panionios at Nea Smyrni for the Basket...
Wee Jay and idol Georgios Samaras receive Greek sports journalists award at Athens gala
A 10-year-old Irish fan of Greek striker Georgios Samaras was in Athens on Monday at the invitation of the Greek Sports Journalists' Association, which honored outstanding achievements in sp...
Inside Sports
COMMENTARY
Europes drama in Greece needs final act to avoid tragedy
Judging from Wednesday's vote in the Greek parliament, Prime Minister Antonis Samaras may not get the mandate he wants to keep economic austerity measures in place and avoid defaulting on th...
COMMENTARY
A pointless battle
The public closely watched the first act in the three-part drama of Parliaments election of a new president yesterday. The result was below the expectations of the New Democracy-PASOK coali...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Election looms as Samaras fails to win vote for president
2. Stores will open on Dec 28, but traders arent too happy about it
3. More Britons and Americans eyeing Greece for vacations
4. Vodafone and Wind to bid for Forthnet
5. Credit line conditions laid out
6. Bourse index recovers some lost ground
more news
Today
This Week
1. Election looms as Samaras fails to win vote for president
2. Europe's drama in Greece needs final act to avoid tragedy
3. High stakes
4. Leftist SYRIZA leading ND by 3.2 pct, survey shows
5. The secret is out
6. Poll gives SYRIZA clear lead
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. East Europe scrambles for energy after Putin kills South Stream
6. Anarchist Nikos Romanos ends hunger strike
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.