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Business29 January 20191 min read

Greek PM announces minimum pay rise as elections loom

Greek Prime Minister Alexis Tsipras on Monday announced an 11-percent rise in the minimum wage, the first after a decade of austerity and months ahead of legislative elections. Tsipras, whose party is trailing in opinion polls, said the minimum wage would increase from 586 euros

Editorial Team Legacy

Published 29 January 2019, 8:00 · Updated 22:02

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Greek PM announces minimum pay rise as elections loom

Greek Prime Minister Alexis Tsipras on Monday announced an 11-percent rise in the minimum wage, the first after a decade of austerity and months ahead of legislative elections. Tsipras, whose party is trailing in opinion polls, said the minimum wage would increase from 586 euros ($668) to 650 euros from February.

“Crushing workers is not the way to sustain growth and boost the economy,” he told the cabinet. “On the contrary, it’s a proven recipe for bankruptcy.” Nearly 900,000 people would benefit from the move, either directly or indirectly.

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