Income distribution

Banks fear credit squeeze

Slovenian banks are sounding the alarm and urging the central bank to ease lending conditions after a significant increase in the minimum wage and new capital requirements have rendered much of the population ineligible for a mortgage.

Greek minimum wage: How from 751 it will reach close to 780 euros

An increase of between 5.5% and 9.5% is expected to be given to the minimum wage on April 1st after the completion of the prescribed procedure for determining the amount of the wages.

According to information, the new minimum wage will be over 751 euros (an increase of 5.5%), while in the most optimistic scenario it will reach close to 780 euros (an increase of 9.5%).

Real Minimum Wages declined in most EU Member States

Against the background of inflation affecting European countries, minimum wage workers in 15 out of 21 Member States with statutory minimum wages registered a decline in their wages in real terms between 1 January 2021 and 1 January 2022. This was despite comparatively large increases in nominal rates in the EU during the period.

Athens Chamber of Commerce: Increase of minimum wage with reduction of non-wage costs

Moving in the right direction is the increase of the minimum wage, as it strengthens the income of the low paid and at the same time can "breathe life" in to the market, as noted in a statement by the president of the Athens Chamber of Commerce, Giannis Chatzitheodosiou.