Labor Institute

The collapse of Greece's middle classes and the impoverishment of workers, with one in four earning less than 500 euros per month, have been recorded in another report by the Labor Institute of the General Confederation of Greek Labor (INE GSEE).

A survey commissioned by the GSEE umbrella union and published on Tuesday shows that 70 percent of workers in Greece aged 25 to 44 years old are pessimistic about the country's prospects and 66 percent have few hopes of seeing any improvement in their salaries in the next six months.

Employment in Greece owes a lot to tourism, and the potential is there for an even greater contribution to the labor market, according to a study by the Labor Institute of the General Confederation of Greek Labor (INE/GSEE).

More than half of private sector employees in Greece are paid less than 800 euros per month, compared with just 11 percent in the public sector, while the real unemployment rate is more than 30 percent, the country's biggest union claimed in its annual report published on Monday.

Nine in 10 jobless Greeks do not receive unemployment benefits, according to a study by the country's statistical authority (ELSTAT) and the Labor Institute of the General Confederation of Greek Labor (INE/GSEE).

The same study found that nearly 74 percent of the unemployed population have been without work for more than 12 months.

Nine in ten jobless Greeks do not receive unemployment benefits, according to a study by the country's statistical authority (ELSTAT) and the Labor Institute of the General Confederation of Greek Labor (INE/GSEE).

The same study found that nearly 74 percent of the unemployed population have been without work for more than 12 months.

Greek salaried workers cannot buy what they want but, rather, have to limit themselves to what they can afford on their reduced disposable income, a survey by the Labor Institute of the General Confederation of Greek Labor (GSEE) and the Association of Working Consumers of Greece (EEKE) showed on Tuesday.