Inflation in Greece rose to 12 percent in September and fell to 9.1 percent in October. Unlike our country and Luxembourg, Greece does not have an automatic wage index system, wages go up when life becomes more expensive.
That is why the government is taking this measure. “The purchasing power of Greeks is also the second lowest in the European Union, after Bulgaria,” explains reporter Bruno Tarsago. “This, in turn, is due to the savings and structural reforms that Greece has had to undertake over the past 10 years. As a result, the average wage is currently around €750 per month.”
This measure also needs to be seen in a broader context, says Tirsago. The PM’s party has been under fire for months and was recently discredited with a wiretapping scandal, among other things. Last week, the European Prosecutor’s Office also requested the lifting of the immunity of two Greek MEPs, one of whom is a member of Prime Minister Mitsotakis’ New Democratic Party. “The government is distributing food vouchers as a distraction, because we are in the pre-election period,” says Trsago.
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