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Why Greek Wages Rise But Wallets Shrink

Why Greek Wages Rise But Wallets Shrink

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 In this episode of Greek News in English, hosts Luca and Lane explore the paradoxical economic situation in Greece during 2024 where despite nominal wage increases averaging 4.7%, real disposable incomes have declined due to rising personal tax rates and persistent inflation at around 3%. Drawing from the OECD's 'Taxing Wages 2025' report, they discuss how similar trends affect several European countries including Italy and France while contrasting cases like Portugal where lower taxes boosted purchasing power. The episode examines key data points such as Italy's significant tax hikes eroding gains from wage growth and highlights broader implications about fiscal policy impacts on household finances amidst ongoing cost-of-living challenges. Article Discussed: "Μειώθηκαν τα πραγματικά εισοδήματα στην Ελλάδα το 2024: Γιατί αυξάνονται οι μισθοί αλλά αδειάζει το πορτοφόλι - Dnews" Author: Μυρτώ Αρετάκη https://www.dnews.gr/eidhseis/oikonomia/530009/meiothikan-ta-pragmatika-eisodimata-stin-ellada-to-2024-giati-afksanontai-oi-misthoi-alla-adeiazei-to-portofoli This podcast was generated by AI using Podcasty. https://podcasty.co

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