Greek demographic ratios among the worst in Europe
Refugee returns to resume despite concerns over rights and conditions
Greeks deeply pessimistic about future but confidence in euro persists
Parents main source of income for most young Greeks
Proportion of Greeks willing to emigrate for work triples in two years
EU migration survey paints picture of lives of non-native population in Greece
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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