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Greek Labor Minister Outlines Dual Minimum Wage Increases Through 2028

Greek Labor Minister Giannis Panagiotou confirmed that the national minimum wage is set for two revisions before 2028. The first revision, expected to be decreed in December 2025 and take effect in January 2026, marks a definitive step following the parliamentary Economic Committee’s review of the Ministry of Labor’s 2026 budget. A second revision is anticipated in December 2027, with its implementation planned for 2028.

Economic Outlook And Advisory Process

The minister stated unequivocally that an increase in the minimum wage is guaranteed from January 2026. Although details regarding the scale of the adjustment remain forthcoming pending further consultations with the advisory committee, the plan reflects optimism about the positive trajectory of the national economy. Notably, approximately 55,000 workers who receive the minimum wage are expected to benefit.

European Directive Compliance And Wage Adequacy

In addition to establishing the timeline for wage increases, the minister emphasized steps toward complying with the European directive on wage adequacy, recently upheld by the European Court of Justice. Social partners will soon be invited to the inaugural meeting of the advisory committee dedicated to revising the minimum wage, underscoring the collaborative approach taken in these adjustments.

Legislative Measures And Pension Reform

Looking ahead, the first quarter of 2026 is set to witness the submission of an action plan on wage adequacy to the European Commission, followed by the introduction of legislation in Parliament to transpose the directive. Additionally, considerations such as the treatment of arrears for the minimum wage will cover the two preceding years cumulatively. In a related move, the minister assured that drafts for pension reform will be submitted later this year, with the reforms expected to be implemented by 2027.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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