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Greece Boosts Minimum Wage Plan
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Greece announces a 6.4% hike in the monthly minimum wage to 830 euros, with plans to raise it to 950 euros by 2027. Prime Minister highlights positive impact on workers and the economy, aiming for an average wage increase to 1,500 euros by 2027. The country's economy saw a 2% growth last year, with projected growth of 2.9% in the current year propelled by tourism, investments, and domestic demand.
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How might the wage increase influence consumer spending and economic dynamics in Greece?
In what ways could the wage hike impact the competitiveness of Greek businesses and their ability to attract and retain talent?
What challenges or opportunities could arise from the ambitious wage growth targets set by the government?
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