Between a Rock and a Hard Place: social partners and reforms in the wage-setting system in Greece under austerity

Hosted by the Hellenic Observatory

CaƱada Blanch Room (COW 1.11), Cowdray House, LSE


Dr Andreas Kornelakis

Dr Andreas Kornelakis

Dr Horen Voskeritsian

Dr Panos Kapotas


Dr Vassilis Monastiriotis

Dr Vassilis Monastiriotis

The seminar focusses on the reforms in the wage-setting system in Greece in the context of a severe recession and against the backdrop of EU bailout agreements. The analysis reveals that the reforms are also contested among key actors, and that the fault lines between social partners are not fully consistent with the notion of a binary pro-reform (from business associations) v. anti-reform stance (from labour associations). Instead, our analysis exposes hitherto hidden fractures in the employers’ camp. Employers’ representatives express –in varying degrees– their scepticism towards the efficacy of the institutional changes and generally towards technocratic solutions. More broadly this analysis reflects on the contested and controversial nature of the policy reforms on wage setting, for which there is no consensus either in the academic or policy literature, and delves deeper into the views and perspectives of key actors on the efficacy and consequences of the main institutional changes in wage setting.

Dr. Andreas Kornelakis is a Senior Lecturer in International Management at King’s College London. He holds a PhD in European Political Economy from the London School of Economics. He held visiting posts at NUI, Galway and EUI, Florence. His research interests dwell on the changing political-economic environment in Europe with a focus on comparative employment relations and HRM. He has published in journals such as: Journal of Common Market Studies; Work, Employment & Society; Economic and Industrial Democracy; European Journal of Industrial Relations; British Journal of Industrial Relations and Business History.                 

Dr. Horen Voskeritsian is a Senior Lecturer in Human Resource Management at Bristol Business School, University of the West of England, Bristol. He holds a PhD in Industrial Relations from the London School of Economics and Political Science. His current research focuses on the impact of the institutional changes in the Greek labour market on micro and macro employment relations. His work has appeared in various national and international conferences, and in journals such as Economic and Industrial Democracy, Labor History, The International Journal of HRM and Relations Industrielles/Industrial Relations.

 Dr. Panos Kapotas is a Senior Lecturer in Portsmouth Law School at the University of Portsmouth, where he is convener for European Union law, Employment law and European and International Human Rights law. He has studied law at the University of Athens (BCL), UCL (LLM) and the LSE (PhD). His research focuses on equality and non-discrimination in Europe and on issues of European law, Human Rights law and Employment law. His latest publications include: Building Consensus on European Consensus: Judicial Interpretation of Human Rights in Europe and Beyond (with Tzevelekos, Cambridge University Press, forthcoming) and Greek Labour Market in Crisis: Problems, Challenges and Prospects (with Voskeritsian and Niforou, Routledge, forthcoming).

Dr Vassilis Monastiriotis is Associate Professor in the Political Economy of South East Europe at the LSE

We are grateful to the National Bank of Greece for funding this research project.

Twitter Hashtag for this event: #LSEGreece


A podcast for this event can be downloaded from Between a Rock and a Hard Place: social partners and reforms in the wage-setting system in Greece under austerity


A PDF copy of the slides presented during the seminar is available here


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