EU: real wages continue to fall in member states (study)

A study by the European Trade Union Confederation (ETUC) reveals that real wages, i.e. those not adjusted for inflation, have continued to fall throughout the European Union since the start of the year. Despite this, corporate profits have risen by an average of 1.5% in real terms in nine member states, including Germany (1%), Italy (1.3%) and France (1.4%). But it is Slovakia (7.9%) that leads by some distance, followed by Romania (6.9%) and Greece (5.9%). The biggest falls in real wages were