Greece has a national minimum wage. In the past, this has been established in consultation between unions and employers at the national level. However, this situation has changed as a result of the crisis. It is now defined by the government and not by negotiation, although there is a specific process for consultation with employers and trade unions as well as labour and labour market relations experts after legislative changes in 2018. [8] The first national minimum wage under this new procedure was introduced on 1 February 2019, the first increase since 2012. At the same time, the lower rate introduced in 2012 for under-25s has been abolished. The Eurogroup reached a political agreement on 14 August 2015: on 15 April 2013, troika staff teams concluded their mission in Greece as part of the second revision of the second adjustment programme. The mission has reached an agreement with the authorities on the economic and financial policies needed to ensure that the programme remains on track to achieve its objectives. The European institutions presented the Eurogroup, from 21 to 22 June 2018, a compliance report on the completion of all previous measures agreed for the fourth review of the ESM programme. This follows the agreement on the strategic package for the fourth review concluded on 19 May 2018 at the staff level. The Complementary Memorandum of Understanding (SMoU) defines the agreement on political conditions. It updates the policy conditions set out in the August 2015 decision, which were amended at the end of the first review in June 2016, at the end of the second review in July 2017 and at the end of the third review in March 2018, to reflect progress in the implementation of the program. On 21 November 2018, the Commission adopted the first improved follow-up report for Greece, in addition to the autumn package of the European semester.

The report discusses the latest economic and financial developments in Greece and an assessment of the implementation of Greece`s reform commitments to the Eurogroup`s European partners in June 2018. The release of the report follows the first post-programme mission to Greece, which took place from 10 to 14 September 2018 and brought together staff from the European Central Bank, the European Stability Mechanism and the International Monetary Fund. The 2018 national collective agreement, signed on March 28, 2018, reflects this reduced status. It is largely limited to confirming that the existing rules, which cover issues such as overtime and leave, will continue to apply and that the parties will work together on measures to promote a fair transition to a low-carbon economy. It also involves the creation of a number of working groups, including a working group, including a working group. In addition, the government is taking decisive action to strengthen and protect the financial system. A fully funded financial stability fund under the program will ensure strong capital for banks. On 9 March 2012 (the same day that the Greek government asked the IMF to reach an agreement on an extended facility of funds (FEP) [28], IMF Managing Director Christine Lagarde supported the agreement. [30] It was approved on 15 March with an immediate payment of SDR 1.4 billion and an overall commitment of SDR 23.7853 billion (2.159% of the Greek quota). [31] Unpaid funds from the SBA have also been eliminated. The program aimed to return to growth with increased competitiveness, a reduced minimum wage and public spending and the fight against tax evasion.

[32] As part of the fourth review of the second adjustment programme, the European Commission, ECB and IMF teams reached an agreement with the authorities on economic and financial policies on 19 March 2014 to keep the programme on track.