Effie Achtsioglou presented reforms of last three years during seminar in Brussels
Labour Minister Effie Achtsioglou presented the reforms in the labour market and the social security system implemented in Greece in the last three years, during a seminar organised by the General Directorate of Finance of the European Commission in Brussels on Wednesday.
Achtsioglou referred to the high rate of unemployment in Greece adding that it has posted a significant drop (from 27 to 20 pct) in the last three years. She said that in the omnibus bill that will be voted on Thursday in the Greek parliament are included two very important tax incentives for the hirings in Greece.
On the minimum wage in Greece, Achtsioglou said that it is very low in comparison with the other EU countries due to a 22 percent reduction applied in 2012, but also due to the abolition of the collective contracts. She also underlined that after Greece’s exit from the programme, the government will reinstate the collective negotiations and in parallel it plans to increase the minimum wage with cautious steps and at the right time.
On the reduction of pensions by 1 pct of GDP as of January 2018, the Labour Minister underlined that it has been already legislated and the government is committed to doing it, noting that offset measures can be applied. She reminded however that the reduction was agreed in the context of the second review following IMF’s pressure and noted that the European Institutions and the Greek side did not consider it necessary because the pensioners had been suffered enough and the expenses for the pensions are already at the European average rate and Greece’s pension system is now sustainable.