Greek university system out of sync with economic reality, study finds
Greek media often sensationalised coverage of refugee crisis, study argues
Greeks express most negative sentiments about economy in global poll
Greek distrust of media high compared to EU average
Greeks tending to shop less often and opt for local products
Survey shows 42 pct of Greek expats unlikely to return
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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