Greece's leftist government outlined plans to lift the minimum wage on Sunday, continuing a roll-back of the austerity terms of its international bailout and underlining the balancing act it faces to persuade a skeptical Europe to agree a new debt accord. New Labor Minister Panos Skourletis said the government would move ahead with its plans to restore collective bargaining and raise the minimum wage, which was cut from 751 euros a month to 586 euros under the 2012 bailout agreement. "We have said that reinstating the minimum wage to this level can be a small growth shock for the market," he told Greek television.
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