According to Hellenic Statistical Authority, Greek wages index fell by 1.8% in the first quarter of the year, compared with the same period in 2013, after falling by 11.9% in the first quarter of 2013.

The statistics service, in a report, said that wages continued falling since the third quarter of 2010 when the first memorandum was implemented.

The index was calculated on gross wages per working hours.

Based on the figures Greece is second in wage declines in the EU after Cyprus (-7.9%) and ahead of Croatia (-1.7%), Ireland (-0.3%) and Italy (-0.2%). The wage index rose by 1.7% in the EU on average in the first three months of 2014, led by wage rises in Latvia (7.7%), Estonia (7.0%) and Romania (5.3%).