Greece to roll out Guaranteed Minimum Income

Something that has been kept under the radar in the latest debates around the Greek bailout deal is the introduction of a national Guaranteed Minimum Income – this would be the first universal means-tested grant that covers all Greeks below a certain level of income and asset ownership, regardless of employment status, job contract type, professional category, gender or age.

Despite the lack of substantial public debate in Greece around this, the measure is not without controversies. Is it just another neoliberal stunt to dismantle the welfare state and introduce a bottom floor well below decent living standards? Is it a necessary measure to buffer the worst of the crisis? Could it lead in the future to a universal basic income set well above poverty levels?

Check out my piece published on the Basic Income Earth Network website today, reporting on these issues.

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