Brussels, 05/12/2012 (Agence Europe) - Due to the difficult economic situation, EU officials will see a 1.1% loss in their purchasing power in 2012, following an effective fall in purchasing power of 3.6% in 2011 and a cumulated drop of 7.6% between 2004 and 2011, the European Commission has announced in a press release published on 5 December.
This 1.1% drop is the result of a calculation formula used for the annual pay adjustment. This formula reflects developments in the purchasing power...