Greek Shipowners Not Affected

Press, Volume CVII, Issue 31385, 2 June 1967, Page 9

Greek Shipowners Not Affected

(N.Z. Press Association-Copyright) ATHENS, June 1. Millionaire shipowners and other selfemployed businessmen will not be affected by the salary limits imposed in Greece.

Greece’s rulers yesterday barred people earning salaries from being paid more than the country’s Prime Minister, who earns 45,000 drachmas a month. Hardest hit by the regulation, gazetted yesterday, are senior executives, bank officials and administrators who often hold several appoint-

ments and may be earning double the new top limit The new law says that Greek citizens in state employment or working for a private, public, local or foreign enterprise are not entitled to receive a monthly salary higher than the Prime Minister. A Royal decree, published earlier, announced that by decision of the “revolutionary" Cabinet which took over after the April 21 military coup, the salary of the Prime Minister, Mr Kiliias, was fixed at 30,000 drachmas a month plus 15,000 drachmas for expenses (about £560). Government Ministers’ salaries and allowances were fixed at 35,000 drachmas a month by the same decree. Penalties for violating the new law include possible loss of employment as well as prison terms of up to three months. It was not immediately clear in what way foreign firms would enforce the law for their Greek employees.