Greek Prime Minister Kyriakos Mitsotakis has announced that a new increase in the minimum wage is anticipated at the end of March. In his introductory remarks to the Economic Policy Government Council, he stated that the exact details would be decided in the Cabinet meeting scheduled for that period. Mitsotakis highlighted the significance of these policies on the disposable income of citizens, noting that public employees, pensioners, and private sector workers—especially those with children and the youth—are already starting to see positive effects from the tax reductions legislated at the end of the previous year.

The Prime Minister emphasized the importance of sustaining positive growth rates that exceed the European average, indicating that this is essential for achieving real convergence with the rest of Europe. Additionally, he pointed out the need for a consistent decline in unemployment rates, aiming for historically low levels. Mitsotakis's remarks reflect a strategic focus on enhancing economic conditions in Greece as the government prepares for future labor market challenges.

Mitsotakis also stressed the necessity of a macroeconomic approach to the labor market, implicitly recognizing the complexities of economic recovery amid post-pandemic realities. This forward-looking approach aims to ensure that the financial landscape improves not just for workers but also for the overall economy, thereby fostering a more robust recovery that can benefit all sectors of society. As discussions unfold, it will be interesting to monitor both government policies and public responses in relation to these economic changes.