Saturday, February 26, 2011

Greeks pay highest social security contributions in Europe

According to Greek daily 'Ta Nea', out of 50 euros, only 26 enter the pocket
and wallet of an employee, while the rest of 24%  lands at the registers of tax offices and insurance funds.
Employer and employee contributions in Greece formed 34% of the total labor costs compared to 31% within the 25 European Union member countries.