Greece - Workers pay price of financial crisis - May 31, 2018

 According to several experts, ordinary workers are paying the price of the financial crisis and reforms that were imposed in the aftermath of the strike. While consumer prices have not fallen, salaries went down by an average of 15% since 2010. According to the country’s leading labour think-tank the Labour Institute, salary cuts should have led to a cut in the prices of products and services but they didn’t because product markets are to a great extent monopolies or oligopolies. The country has a serious skills mismatch with a highly educated workforce that is often overqualified for the jobs that are available.

Read on: in English …   

For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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