Connect with us

Latest

Hellenic Insider

Greece

Greek real minimum wage falls to level of Estonia, SYRIZA touts "success story"

The purchasing power of Greece’s minimum wage has fallen below that of Croatia and below the pre-euro levels of the year 2000.

Published

on

40 Views

As the government led by the “radical leftist” SYRIZA continues to claim that Greece’s economy is on the rebound and that the country will exit the memorandums and austerity agreements in August, economic indicators tell a different story.
According to the WSI Minimum Wage Report 2018, the purchasing power of Greece’s statutory minimum wage as of January 1, 2018 has dropped to €3.94 per hour, just two cents higher than Estonia, and below countries such as Croatia, Slovakia, and Romania.
At one time, Greece’s gross (pre-tax and pre-withholding) minimum wage was €876 per month, but during the years of crisis and austerity, this amount has fallen to a gross monthly wage of €586 per month, for full-time work for those over the age of 25, and €510 per month for those under the age of 25.
Of course, in today’s economy in Greece, many are employed on a part-time basis or off the books, and may take home as little as €100 per month. Such individuals are nevertheless not considered to be unemployed, allowing the current SYRIZA-led government to boast about a purported decline in official unemployment to 20 percent, from a crisis high of 28 percent.
As shown by Eurostat’s own data, Greece is the only EU member state where the minimum wage has decreased during the 2008-2018 period.
Furthermore, according to OECD figures, Greece’s real annual minimum wage, in U.S. dollars, came out to $12,368 in 2000, when Greece still used its own domestic currency, the drachma. By 2016, this figure was $11,492.
Yet, pro-EU propaganda in Greece is so strong that there are still many individuals who, if asked about life in Greece under the drachma, will essentially tell you that Greeks lived in caves prior to the introduction of the euro. Sadly, it is this mentality which explains Greece’s current government and the composition of its parliament today.

Liked it? Take a second to support The Duran on Patreon!
Advertisement
29 Comments

29
Leave a Reply

avatar
29 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
29 Comment authors
forum.71squared.cominfo lebih lengkapwww.shuizhilan.netbaca infonya disinicustom made wristbands Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Camille
Guest

Youս mean like when we sing rewarɗ ѕongs inn Church??
Larry requestеd and daddy nodded. ?Nicely I could maake up a worship song.?
So Larry jumperd to his ft and commenced to make up a music to a vеry bad tune.
?Jesuus is so сool. Its fun bering witһ God. He is tһe funnest God anyone migһt have.?
Larry sang very badly so Lee had put hіs palms over his eaгs.

best work boots waterproof
Guest

Do you have a spam problem on this website; I also am a blogger, and I
was wondering your situation; we have developed
some nice practices and we are looking to trade techniques
with others, be sure to shoot me an email if interested. https://www.evernote.com/shard/s524/sh/7ea3eed0-01eb-4d53-83f0-c0ab41c6f7bb/29ad66aefcaaa3c38382ee8771d5533a

stag weekends marbella
Guest

Wonderful beat ! I wish to apprentice while you amend your web site, how could i subscribe for a blog website?
The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear
idea

superhero memorabilia
Guest

I blog quite often and I truly thank you for your information. Your article has really peaked my interest.
I will book mark your site and keep checking for new information about once a week.
I subscribed to your RSS feed as well.

https://logopond.com/TrevorGriggs/profile/287513/?filter=&page=
Guest

Thanks for the marvelous posting! I definitely
enjoyed reading it, you might be a great author.I will ensure that I bookmark your blog and may come back very soon. I want to encourage you
to continue your great job, have a nice morning! https://logopond.com/TrevorGriggs/profile/287513/?filter=&page=

Alyssa
Guest

Elas podem se assustar e se alongar.

cheap silicone wristbands
Guest

I actually wanted to make a simple comment to say thanks to you for the fabulous recommendations you are
writing here. My time-consuming internet lookup has at the end of the day been recognized with useful facts and strategies to write about with my pals.
I ‘d assert that most of us website visitors actually are unquestionably blessed to dwell in a decent network with so many
wonderful professionals with interesting tactics.
I feel somewhat blessed to have encountered the webpages and look forward to
so many more brilliant times reading here. Thanks once
again for a lot of things. https://www.fone2.com

shake emagrecedor jantar
Guest
best knot for work boots
Guest

Simply want to say your article is as surprising. The clearness in your submit is just excellent and that i could think you’re a professional on this subject.
Fine with your permission let me to grab your feed to stay up
to date with approaching post. Thank you a
million and please continue the enjoyable work. http://bstworkboots.doattend.com/

marbesa management services
Guest

Its like you read my thoughts! You appear to grasp so much approximately
this, like you wrote the guide in it or something.
I think that you could do with some percent to pressure the message house a little bit,
however other than that, that is wonderful blog.
A great read. I’ll certainly be back.

Kelly
Guest
Kurt
Guest
click here
Guest

Generally I do not read post on blogs, however I wish to say
that this write-up very pressured me to take a look at and do it!
Your writing style has been amazed me. Thank you,
very great post.

BMW Exclusive interior and exterior 3D carbon fiber parts and accessories Exclusive interior and exterior 3D carbon fiber parts and accessories
Guest

Hi there colleagues, its enormous article about educationand fully defined, keep
it up all the time.

Folli Follie
Guest

My brother suggested I may like this blog. He used to be entirely right.
This publish actually made my day. You can not believe just how much time I had spent for this
information! Thanks!

personalized silicone bracelets
Guest

I got what you mean, regards for posting.
Woh I am happy to find this website through google. https://www.silicone-wristbands.co.uk

Funny T Shirts About Fishing
Guest

Wⲟnderful beat ! I ᴡish to apρrentice while you amend your website,
how could i subscribe forr a blog website? Thhe account aided me a
acceptable deal. Ӏ had beԀen a little bit
acԛuainted of this your broadсast provided bright cⅼear concept http://johnnyxndsh.ezblogz.com/4927950/funny-t-shirt-slogans-tips-overview

www.cruzroja.es
Guest

Wow! Finally I got a weblog from where I know how to truly obtain valuable facts concerning my study
and knowledge. http://www.cruzroja.es/creforumvolint_en/user/profile/17943.page

property for sale in calahonda
Guest

If some one wishes expert view regarding blogging and site-building then i advise him/her to visit this web
site, Keep up the fastidious work.

best work boots for high arches
Guest

Very descriptive post, I liked that a lot. Will there be a part 2? http://bestworkbootss.yolasite.com/

bandarq terpercaya
Guest

Hі there to evey , as I am actually eager of readіng this ᴡebpage’s post to be updated on a regular basis.
It includes good information. https://www.jempolbandarq.com/blog/

create your own wristband
Guest

Very nice pattern and good articles, hardly anything else we
require :D.

Ingrid
Guest

Babosa traz privilégios para pele e cabelos. http://bjjnaplesflorida.com/comment/html/?128751.html

https://logopond.com
Guest

Very good blog! Do you have any hints for aspiring writers?
I’m planning to start my own website soon but I’m a little lost on everything.
Would you recommend starting with a free platform like WordPress or go for a
paid option? There are so many options out there that I’m totally overwhelmed ..
Any suggestions? Thank you! https://logopond.com/JamesArocha/profile/285562

custom made wristbands
Guest

Great web site you’ve got here.. It’s difficult to find high quality writing like yours nowadays.
I honestly appreciate individuals like you! Take
care!!

baca infonya disini
Guest

fantаstic issues altogether, you just won a new reader.
What would you suggest in regzrds tto your publish that you simply mаde a few days in the past?
Any рositive? http://www.wzhi58.com/comment/html/?34618.html

www.shuizhilan.net
Guest

hey there ɑnd thank yօu for your inormation – I’ve certainly picked up anything new from right here. I did however expertise several technical points using this site, since I experrienced to reload the weƄ site lots of times рrevioսs to I couⅼd get it to load correctly. I had been wondering if your hosting is OK? Not that I’m complaining, but sluggish loading instances times will often affect your plɑcement in google and can damage youг qualіty score if ads and marketing wjth Adwⲟrds. Αnyway I am adding this RSS to mʏ email and could look out fоor much… Read more »

info lebih lengkap
Guest

Exсellent, what a webpaɡe it is! This weblog gives useful facts to us,
keep it up. http://www.afraightinternational.com/?option=com_k2&view=itemlist&task=user&id=1408223

forum.71squared.com
Guest

Hi there! I know this is somewhat off-topic but I had to ask.
Does managing a well-established blog like yours take
a large amount of work? I’m brand new to writing a blog but I do write in my journal everyday.
I’d like to start a blog so I can share my personal experience
and feelings online. Please let me know if you have any recommendations or tips for
brand new aspiring blog owners. Appreciate it! https://forum.71squared.com/user/daydaygurlit

Latest

Watch: Democrat Chuck Schumer shows his East Coast elitism on live TV

Amazing moment in which the President exhibits “transparency in government” and shows the world who the Democrat leaders really are.

Seraphim Hanisch

Published

on

One of the reasons Donald Trump was elected to the Presidency was because of his pugnacious, “in your face” character he presented – and promised TO present – against Democrat policy decisions and “stupid government” in general.

One of the reasons President Donald Trump is reviled is because of his pugnacious, “in your face” character he presented – and promised TO present – in the American political scene.

In other words, there are two reactions to the same characteristic. On Tuesday, the President did something that probably cheered and delighted a great many Americans who witnessed this.

The Democrats have been unanimous in taking any chance to roast the President, or to call for his impeachment, or to incite violence against him. But Tuesday was President Trump’s turn. He invited the two Democrat leaders, presumptive incoming House Speaker Nancy Pelosi, and Senate Minority Leader Chuck Schumer, and then, he turned the cameras on:

As Tucker Carlson notes, the body language from Schumer was fury. The old (something)-eating grin covered up humiliation, embarrassment and probably no small amount of fear, as this whole incident was filmed and broadcast openly and transparently to the American public. Nancy Pelosi was similarly agitated, and she expressed it later after this humiliation on camera, saying, “It’s like a manhood thing for him… As if manhood could ever be associated with him.”

She didn’t stop there. According to a report from the New York Daily News, the Queen Bee took the rhetoric a step below even her sense of dignity:

Pelosi stressed she made clear to Trump there isn’t enough support in Congress for a wall and speculated the President is refusing to back down because he’s scared to run away with his tail between his legs.

“I was trying to be the mom. I can’t explain it to you. It was so wild,” Pelosi said of the Oval Office meet, which was also attended by Vice President Pence and Senate Minority Leader Chuck Schumer (D-N.Y.). “It goes to show you: you get into a tinkle contest with a skunk, you get tinkle all over you.”

This represented the first salvo in a major spin-job for the ultra-liberal San Francisco Democrat. The rhetoric spun by Mrs. Pelosi and Chuck Schumer was desperate as they tried to deflect their humiliation and place it back on the President:

With reporters still present, Trump boasted during the Oval meeting he would be “proud” to shutdown the government if Congress doesn’t earmark cash for his wall before a Dec. 21 spending deadline.

Pelosi told Democrats that Trump’s boisterousness will be beneficial for them.

“The fact is we did get him to say, to fully own that the shutdown was his,” Pelosi said. “That was an accomplishment.”

The press tried to characterize this as a “Trump Tantrum”, saying things like this lede:

While “discussing” a budgetary agreement for the government, President Donald Trump crossed his arms and declared: “we will shut down the government if there is no wall.”

While the Democrats and the mainstream media in the US are sure to largely buy these interpretations of the event, the fact that this matter was televised live shows that the matter was entirely different, and this will be discomfiting to all but those Democrats and Trump-dislikers that will not look at reality.

There appears to be a twofold accomplishment for the President in this confrontation:

  1. The President revealed to his support base the real nature of the conversation with the Democrat leadership, because anyone watching this broadcast (and later, video clip) saw it unedited with their own eyes. They witnessed the pettiness of both Democrats and they witnessed a President completely comfortable and confident about the situation.
  2. President Trump probably made many of his supporters cheer with the commitment to shut down the government if he doesn’t get his border wall funding. This cheering is for both the strength shown about getting the wall finished and the promise to shut the government down, and further, Mr. Trump’s assertion that he would be “proud” to shut the government down, taking complete ownership willingly, reflects a sentiment that many of his supporters share.

The usual pattern is for the media, Democrats and even some Republicans to create a “scare” narrative about government shutdowns, about how doing this is a sure-fire path to chaos and suffering for the United States.

But the educated understanding of how shutdowns work reveals something completely different. Vital services never close. However, National Parks can close partly or completely, and some non-essential government agencies are shuttered. While this is an inconvenience for the employees furloughed during the shutdown, they eventually are re-compensated for the time lost, and are likely to receive help during the shutdown period if they need it. The impact on the nation is minimal, aside from the fact that the government stops spending money at the same frenetic pace as usual.

President Trump’s expression of willingness to do this action and his singling out of the Dem leadership gives the Democrats a real problem. Now the entire country sees their nature. As President Trump is a populist, this visceral display of Democrat opposition and pettiness will make at least some impact on the population, even that group of people who are not Trump fans.

The media reaction and that of the Democrats here show, amazingly, that after three years-plus of Donald Trump being a thorn in their side, they still do not understand how he works, and they also cannot match it against their expected “norms” of establishment behavior.

This may be a brilliant masterstroke, and it also may be followed up by more. The President relishes head-to-head conflict. The reactions of these congress members showed who they really are.

Let the games begin.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

French opposition rejects Macron’s concessions to Yellow Vests, some demand ‘citizen revolution’

Mélenchon: “I believe that Act 5 of the citizen revolution in our country will be a moment of great mobilization.”

RT

Published

on

By

Via RT…


Macron’s concessions to the Yellow Vests has failed to appease protesters and opposition politicians, such as Jean-Luc Mélenchon, who called for “citizen’s revolution” to continue until a fair distribution of wealth is achieved.

Immediately after French President Macron declared a “social and economic state of emergency” in response to large-scale protests by members of the Yellow Vest movement, promising a range of concessions to address their grievances, left-wing opposition politician Mélenchon called on the grassroots campaign to continue their revolution next Saturday.

I believe that Act 5 of the citizen revolution in our country will be a moment of great mobilization.

Macron’s promise of a €100 minimum wage increase, tax-free overtime pay and end-of-year bonuses, Mélenchon argued, will not affect any “considerable part” of the French population. Yet the leader of La France Insoumise stressed that the “decision” to rise up rests with “those who are in action.”

“We expect a real redistribution of wealth,” Benoît Hamon, a former presidential candidate and the founder of the Mouvement Génération, told BFM TV, accusing Macron’s package of measures that benefit the rich.

The Socialist Party’s first secretary, Olivier Faure, also slammed Macron’s financial concessions to struggling workers, noting that his general “course has not changed.”

Although welcoming certain tax measures, Marine Le Pen, president of the National Rally (previously National Front), accused the president’s “model” of governance based on “wild globalization, financialization of the economy, unfair competition,” of failing to address the social and cultural consequences of the Yellow Vest movement.

Macron’s speech was a “great comedy,”according to Debout la France chairman, Nicolas Dupont-Aignan, who accused the French President of “hypocrisy.”

Yet many found Melanchon’s calls to rise up against the government unreasonable, accusing the 67-year-old opposition politician of being an “opportunist” and “populist,” who is trying to hijack the social protest movement for his own gain.

Furthermore, some 54 percent of French believe the Yellow Vests achieved their goals and want rallies to stop, OpinionWay survey showed. While half of the survey respondents considered Macron’s anti-crisis measures unconvincing, another 49 percent found the president to be successful in addressing the demands of the protesters. Some 68 percent of those polled following Macron’s speech on Monday especially welcomed the increase in the minimum wage, while 78 percent favored tax cuts.

The Yellow Vest protests against pension cuts and fuel tax hikes last month were organized and kept strong via social media, without help from France’s powerful labor unions or official political parties. Some noted that such a mass mobilization of all levels of society managed to achieve unprecedented concessions from the government, which the unions failed to negotiate over the last three decades.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

Soros Mimics Hitler’s Bankers: Will Burden Europeans With Debt To ‘Save’ Them

George Soros is dissatisfied with the current EU refugee policy because it is still based on quotas.

The Duran

Published

on

Via GEFIRA:


After the Second World War, many economists racked their brains to answer the question of how Hitler managed to finance his armament, boost the economy and reduce unemployment.

Today his trick is well known. The economic miracle of Führer’s time became possible thanks to the so-called Mefo promissory notes.

The notes were the idea of the then President of the Reichsbank, Hjalmar Schacht, and served not only to finance the armament of the Wehrmacht for the Second World War, but also to create state jobs, which would otherwise not have been possible through the normal use of the money and capital markets, i.e. the annual increase in savings in Germany.

The Reich thus financed the armaments industry by accepting notes issued by the dummy company Metallurgische Forschungsgesellschaft GmbH (hence the name Mefo) rather than paying them in cash. The creation of money was in full swing from 1934 to 1938 – the total amount of notes issued at that time was 12 billion marks. The Reichsbank declared to the German banks that it was prepared to rediscount the Mefo notes, thus enabling the banks to discount them.

Because of their five-year term, the redemption of notes had to begin in 1939 at the latest. This threatened with enormous inflation. Since Schacht saw this as a threat to the Reichsmark, he expressed his doubts about the Reich Minister of Finance. But it did not help, and Schacht was quickly replaced by Economics Minister Walther Funk, who declared that the Reich would not redeem the Mefo notes, but would give Reich bonds to the Reichsbank in exchange. At the time of Funk, the autonomous Reichsbank statute was abolished, the Reichsbank was nationalized, and inflation exploded in such a way that Mefo notes with a circulation of 60 billion Reichsmark burdened the budget in post-war Germany.

George Soros also proposes such a money flurry in the style of Schacht and Funk.

Soros is dissatisfied with the current EU refugee policy because it is still based on quotas. He calls on the EU heads of state and governments to effectively deal with the migrant crisis through money flooding, which he calls “surge funding”.

“This would help to keep the influx of refugees at a level that Europe can absorb.”

Can absorb? Soros would be satisfied with the reception of 300,000 to 500,000 migrants per year. However, he is aware that the costs of his ethnic exchange plan are not financially feasible. In addition to the already enormous costs caused by migrants already in Europe, such a large number of new arrivals would add billions each year.

Soros calculates it at 30 billion euros a year, but argues that it would be worth it because “there is a real threat that the refugee crisis could cause the collapse of Europe’s Schengen system of open internal borders among twenty-six European states,” which would cost the EU between 47 and 100 billion euros in GDP losses.

Soros thus sees the financing of migrants and also of non-European countries that primarily receive migrants (which he also advocates) as a win-win relationship. He calls for the introduction of a new tax for the refugee crisis in the member states, including a financial transaction tax, an increase in VAT and the establishment of refugee funds. Soros knows, however, that such measures would not be accepted in the EU countries, so he proposes a different solution, which does not require a vote in the sovereign countries.

The new EU debt should be made by the EU taking advantage of its largely unused AAA credit status and issuing long-term bonds, which would boost the European economy. The funds could come from the European Stability Mechanism and the EU balance of payments support institution.

 “Both also have very similar institutional structures, and they are both backed entirely by the EU budget—and therefore do not require national guarantees or national parliamentary approval.“

In this way, the ESM and the BoPA (Balance of Payments Assistance Facility) would become the new Mefo’s that could issue bills of exchange, perhaps even cheques for Turks, Soros NGOs. Soros calculates that both institutions have a credit capacity of 60 billion, which should only increase as Portugal, Ireland and Greece repay each year the loans they received during the euro crisis. According to Soros, the old debts should be used to finance the new ones in such a way that it officially does not burden the budget in any of the EU Member States. The financial institutions that are to carry out this debt fraud must extend (indeed – cancel) their status, as the leader of the refugees expressed such a wish in his speech.

That Soros is striving to replace the indigenous European population with new arrivals from Africa and Asia is clear to anyone who observes its activities in Europe. The question is: what does he want to do this for and who is the real ruler, behind him, the real leader?

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

JOIN OUR YOUTUBE CHANNEL

Your donations make all the difference. Together we can expose fake news lies and deliver truth.

Amount to donate in USD$:

5 100

Validating payment information...
Waiting for PayPal...
Validating payment information...
Waiting for PayPal...
Advertisement

Advertisement

Quick Donate

The Duran
EURO
DONATE
Donate a quick 10 spot!
Advertisement
Advertisement

Advertisement

The Duran Newsletter

Trending