Collective Bargaining in Post-Memoranda Greece: Could It Guarantee Decent Work by Greek Employees?

The aim of this work was to assess the developments in the Greek collective bargaining system and the wage policy after the period of the Memoranda of Understanding with the lenders. Moreover, it discusses the critical role of collective bargaining (CB) in the Greek economy and society and its contributions to forging a new balance between capital and labor in the post-memoranda era. Finally, it provides a number of proposals that could improve the state of play in the field. Firstly, a comprehensive approach to the current debate on the key issues of collective bargaining was portrayed. Secondly, the main developments in the Greek case of collective bargaining and the wage policy were recorded. Thirdly, an effort to interpret the pertinent developments that could lead to the diffusion of a decent work status in the domestic labor market was made. Finally, this work examined whether the current situation of collective bargaining threatens Greek employees’ living and working conditions, which were regarded as being at stake during the memoranda period.