Survey shows that Greeks cut back on healthcare visits in 2017
Most Greeks negative about spending power in 2018
Despite cuts, pension system still at risk due to old-age dependency
One in two Greeks thinks life was better 50 years ago, poll suggests
EU-Greece island containment policy slammed as refugees endure squalid winter camps
Survey reveals working lives, job-finding trends of young Greeks
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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