Thursday, February 26, 2015

Greece, the only country in Europe where the minimum wage has dropped since … – The World

Greece, the only country in Europe where the minimum wage has dropped since … – The World

At the European Parliament in Strasbourg.

Greece, a European exception. While all the countries of the European Union (EU) increased their minimum wage since 2008, Athens fell his, according to figures from the EU statistical office (Eurostat) published Thursday, February 26. Expressed in national currency, the minimum wage fell between 2008 and 2015 by 14%. After eliminating the differences in price levels, the decline was 12%.


The other countries Europeans observed an inverse movement. The largest increases over the same period were recorded in Romania (+ 95%), Bulgaria (+ 64%), Slovakia (+ 58%) and Latvia (+ 57%), countries where the monthly salary minimum is less than 400 euros, according to Eurostat data 1 st January 2015. In France, the minimum wage increased by 14% since 2008.

Within the EU, Bulgaria is the country with the lowest minimum wage (184 euros). In contrast, Luxembourg offers a minimum wage of 1,923 euros, or a ratio of 1 to 10. However, after adjusting for purchasing power disparities, the gap between Member States is reduced to 1-4, Eurostat points.

Minimum wages in the EU.

Ten states offer a minimum wage of less than 500 euros (Bulgaria, Romania, Lithuania, Czech Republic, Hungary, Latvia, Slovakia, Estonia, Croatia, Poland), when seven offer a salary greater than 1000 Euro (UK, France, Ireland, Germany, Belgium, Netherlands, Luxembourg). Six EU member states do not apply the minimum wage: Austria, Cyprus, Denmark, Italy, Finland and Sweden

These statistics are published while the debate. the minimum wage was revived in Europe, with the intention of Greece to raise it. The government of the radical left Syriza Alexis Tsipras wants to wear it again to 751 euros, the level reached before being reduced to 580 euros under pressure from creditors. But some ministers of euro zone finance against, who accuse Greece of having a higher minimum wage than the country not under financial infusion.


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