Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Greeks demand pay rises, condemn Gaza war in May Day protest

Published 01/05/2024, 11:20
Updated 01/05/2024, 12:17
© Reuters. A person is seen in front of a ship as passenger ships are moored during a 24-hour general strike at the port of Piraeus, in Athens, Greece, May 1, 2024. REUTERS/Louiza Vradi

ATHENS (Reuters) - Hundreds of Greek workers marched through central Athens on Wednesday to demand pay rises that would bring their salaries close to the European average and to protest over the war in Gaza.

Ships remained docked at Greek ports and buses and metro services in the capital were disrupted as transport workers joined a 24-hour strike called by Greece's largest trade unions in the private and public sector for Labour Day.

Many of the demonstrators who had gathered peacefully outside the Greek parliament buildings held Palestinian flags and let balloons fly in the sky in solidarity with Palestinians in Gaza.

"It was our duty not to forget that genocide as the (Labour) day calls," said Marianna Tsagari, 48, who joined the demonstration.

Israel strongly denies accusations that its offensive in Gaza, which aims to destroy the Palestinian militant group Hamas after its attack on southern Israel, constitutes a genocide.

In Athens, protesters demanded pay rises that will make up for a series of wage slashes imposed by previous Greek governments as part of austerity measures in return for the international bailouts that kept Greece afloat during its 2008-2018 debt crisis.

Greece's economy has been growing at nearly twice the euro zone rate in recent years and the country last year regained investment grade status after 13 years in the "junk" category.

As public finances have recovered, wages for state workers increased this year for the first time after 14 years and the Greek conservative government of Kyriakos Mitsotakis which was re-elected last June unveiled this week a plan for a performance-based bonus of up to 15% of annual salary from 2025.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

State workers deplored the handouts, saying they were pittance which failed to make up for a cumulative 40% drop in their salaries over the decade-long meltdown, just as food and house expenses kept rising.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.