New Democracy

Is the New Minimum Wage Increase in Greece Actually Harmful?

Apr 7, 2025

Written By: Anastasios

On April 1, 2025, Prime Minister Kyriakos Mitsotakis announced that the monthly minimum wage in Greece would be raised by 6% – up from 830 to 880 Euros per month – in response to the “cost of living crisis” that is impacting many Western economies. Mitsotakis has cited this as a step toward New Democracy’s target of a 950-euro minimum wage by 2027. The intent is to have an immediate positive impact on Greeks earning minimum wage, who will, of course, accrue more funds for living expenses.