Garganas under fire on salaries

In an interview published on Saturday May 24, Bank of Greece chief Nikos Garganas warned that unchecked pay increases would boost inflation, reduce competitiveness and lead to job losses. But his comments drew criticism from government and labour officials.

Source: kathimerini

Calls by the central bank governor for a more rational policy in public sector wage increases drew intense criticism yesterday from government and labor officials.

In an interview printed in Saturday's Ta Nea daily, Bank of

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