International Labor Organisation

Greek workers suffered highest real-wage fall in Europe last year

Real wages in Greece fell 3.5 percent in 2017 after a 1.3 percent increase in 2016, making it the largest decline in Europe last year, according to data released by the International Labor Organisation (ILO) on Tuesday.

This was also the largest decline in Greek real wages since a whopping 9.3 percent drop in 2013.