Crisis sees Greeks change eating habits, cut back on eating out
Greek households continue to slash spending on goods and services
Greek teens less likely to smoke, get drunk than European peers but gamble more
Greek SMEs continue to have bleak view of their future
In EU, Athenians least satisfied with city life but becoming happier
Latest data highlights how hard it is for unemployed Greeks to find jobs
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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