Greek PM pledges pension, wage hikes by 2027, within budget limits
Live MintATHENS - Greek Prime Minister Kyriakos Mitsotakis promised on Saturday to increase pensions, cut taxes and social security contributions, and increase the minimum wage in 2025, looking to support people squeezed by the high cost of living. In his annual economic policy speech at the Thessaloniki trade fair in northern Greece, Mitsotakis said Greece has changed, with strong economic growth that should be distributed in a balanced way, and be reflected in pensions and wages. Greece will increase pensions by up to 2.5% in 2025 and will increase the monthly minimum wage from 830 euros to 950 euros gradually by 2027, he said, adding that social security contributions would be cut by 1 point. Mitsotakis also promised to boost civil protections, support farmers who have been hit by climate change, and reduce a property tax for home owners who insure their home against natural disasters, among other measures.
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Greek PM pledges pension, wage hikes by 2027, within budget limits
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