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European Parliament has approved an EU minimum wage directive that could potentially raise salaries for 25 million Europeans in the next two years. Most European countries already have their own minimum wage standards, ranging from 332 Euros in Bulgaria to 2,257 Euros in Luxembourg, with an EU average just below 1,000 Euros. Six EU countries determine wages through collective bargaining. The new directive allows member states to set their own wage levels with strict guidelines, but it won't necessarily bring all countries up to the EU average or Luxembourg levels.