ECONOMY

One in four employees is undeclared in Greece

one-in-four-employees-is-undeclared-in-greece

Undeclared labor accounts for some 25 percent of all employment in Greece, according to sector experts, and is likely to grow further.

Meanwhile, only one in five fines is actually paid. Figures from the Labor Ministry’s Artemis database showed on Wednesday that in the first 11 months of 2015 the Labor Inspection Squad imposed fines of 97.8 million euros, but only 19.5 million of that has been paid.

The country’s creditors are in favor of doubling the existing 10,550-euro fine per undeclared employee, as they say that Greek employers prefer illegal labor due to the rare checks and the small risk of a penalty.