Pensions in Greece are rising for the first time in more than a decade


Millions of retirees can look forward to more money.

(Photo: dpa)

Athens In Greece, pensions are to be raised for the first time since the financial crisis more than a decade ago. Around 1.5 million pensioners are expected to benefit from the increase in payments in 2023, Greek Prime Minister Kyriakos Mitsotakis said on Saturday during his annual economics address in Thessaloniki.

In addition, the minimum wage should be increased next May. This is currently 713 euros per month. In addition, a program with a volume of 1.8 billion euros is to be launched to help young people rent or buy a house.

The euro countries and the International Monetary Fund had lent Greece a total of more than 260 billion euros during the debt crisis that began at the end of 2009. In return, the eurozone's most indebted country committed to reforms. This also included lowering pensions and wages. Parliamentary elections will be held in Greece next year.

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