October 15, 2012 by pavlospapathanasiou
The President of Central Chambers’ Union of Greece Mr. Michalos argued that wages in Greece are “humiliating” and quoted statistics, in accordance with which the average earnings in 2011 amounted to 10,110.6 euros annually -the second lowest position in the countries of Europe, USA and Japan; only next to Turkey, where wages are formed at 6,015 euros. “Austerity must have a limit, we have the second highest unemployment in the EU, 28% of the population lives below the poverty line and high inflation despite the recession,” said Mr Michalos.
He spoke out against the reduction of wages saying that low wages in Bulgaria did no bring investments while he opposed the tax increases, especially imposing 35% tax on independent professionals. “It is a crime action for the market that punishes the honest taxpayers and strengthen fraud ” he stated.
http://www.protothema.gr/economy/article/?aid=227003 (Proto Thema-online edition Oct. 2 2012)