Salaries in Greece dive to seven-year low in 2013

In the past three years, workers have lost one-fourth (25 pct) of their income and Greece now ranks among the countries with the biggest wage reduction on a European level.
The ELSTAT study focused on employees’ earnings in both the public and private sectors, between the first quarter of 2006 and the third quarter of 2013.
According to the data, the last time an earnings growth was recorded in the country was the second quarter of 2010, when the wage index increased by 1.4 pct (seasonally adjusted and unadjusted working days. In seasonally unadjusted terms, the increase in the index was just 0.2 pct).
In the third quarter 2013, the annual change in the wage index rose to -6.0 pct (adjusted working days, and not seasonally adjusted) and was the second largest decline in the European Union following Cyprus’ -7.7 pct.

source: ΑΜΝΑ