ECONOMY

March to SEV offices

A demonstrator ensures his demands are heard yesterday as accountants marched to the headquarters of the Hellenic Federation of Enterprises (SEV) in Athens. They were the latest professional group to push their financial demands by taking to the streets as rising inflation, and the erosion of consumer purchasing power, has prompted many workers to push for steeper pay hikes. According to the Bank of Greece, the country’s central bank, high wage increases are among the factors that have contributed to Greece’s inflation, which reached a 10-year high in May at 4.9 percent. Another factor is excessively high profits being realized by companies with dominant market positions.