Greece Plans 11 Percent Minimum Wage Hike
Greek Prime Minister Alexis Tsipras announced on Monday plans to increase the standard minimum monthly wage by about 11 percent, the first such hike since the country’s debt crisis erupted almost a decade ago. The country emerged in August from its third international bailout since 2010 and the government, which faces a national election this year, has promised to reverse some of the unpopular reforms Greece implemented under bailout supervision. “I’m calling on you, after a decade of wage cuts, to make another historic step,” Tsipras said, calling on his cabinet to approve the labor ministry’s proposal for an increase …