Greece lags in basic skills for youth but improves in educational attainment
Three-quarters of Greek workforce struggles to make ends meet
Greece worst-performer in EU 28 for social justice
Number of doctors working at Greek hospitals falls by 11 pct
Crisis sees Greeks change eating habits, cut back on eating out
Greek households continue to slash spending on goods and services
Newfound variety helps Greek winemakers enjoy exports boost
One of the aims of Greece’s adjustment program has been to make the country more competitive, with a particular view towards boosting its exports. The main tool for this exercise has been the policy of internal devaluation, which has seen wages drop substantially.
As a result, unit labour costs, which rose rapidly from 2001, have been falling equally dramatically since 2009 and by the end of this year are expected to be at around 2005 levels. The intention of this policy is that this drop in costs is reflected in...
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