Greek salary slide continues to ease

Salaries in Greece posted a fresh 5.7 percent annual decline in the third quarter of the year, according to the Hellenic Statistical Authority (ELSTAT), but this pointed to a further slowdown in the drop over the course of the year, as the annual drop had amounted to 7.5 percent in the second quarter and 12 percent in the first.

In the third quarter of 2012 the decline had come to 10.3 percent from the same period in 2011.

Greece was second only to Cyprus (down 7.7 percent) in the drop in salaries in the July-September period among European Union members.