India | UK | US

EU officials eye 3.7 per cent pay rise despite crisis

Brussels - European Union officials in Brussels have raised eyebrows by eyeing 3.7-per cent pay rises at a time of deep economic crisis and near-zero inflation. The proposed hikes reflect increases in the cost of living in Brussels. They also take in...
Posted : Thu, 26 Nov 2009 14:46:16 GMT
By : dpa
Category : Business
News Alerts by Email ( click here )
Business News | Home
Brussels - European Union officials in Brussels have raised eyebrows by eyeing 3.7-per cent pay rises at a time of deep economic crisis and near-zero inflation. The proposed hikes reflect increases in the cost of living in Brussels. They also take into account average salary increases among civil servants in seven eurozone countries plus Britain.

But the EU's executive arm, th European Commission, has come under attack for placing sterile mathematical calculations above political commonsense.

The method used to determine yearly pay rises for the tens of thousands of EU bureaucrats is "an objective method laid down by current legislation, and it is on that basis that the commission has made its proposal," commission spokeswoman Valerie Rampi told reporters on Thursday.

Moreover, the adjustments have a built-in lag, since they reflect salary rises in the eight EU countries during the preceeding year, Rampi noted.

According to commission figures, net salaries among national civil servants in 2008 went up by 4.4 per cent in Belgium, 3.1 per cent in Germany, 4.3 per cent in Spain, 3.8 per cent in France, 2.4 per cent in Italy, 4.5 per cent in Luxembourg, 2.3 per cent in the Netherlands and 0.3 per cent in Britain.

Average yearly inflation in the eurozone was slightly above 3 per cent last year but is currently at around 0.5 per cent. Inflation figures are taken into account when negotiating public sector pay rises.

The proposed hikes must now be endorsed by EU governments.

Copyright DPA

Share/Save/Bookmark

Article : EU officials eye 3.7 per cent pay rise despite crisis
Print this article
Email this article

Stay Updated
News gadget on your Google homepage
Subscribe to a news feed in Google Reader


Related News



Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  


 

More Business News click here
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark

 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 

 

The Earth Times
News Category

© 2010 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.