Significant drop in number of Greek citizenships granted
Study finds contrasting trends in Greek health during crisis
Racist attacks fell in 2016, report by monitoring body indicates
Greek households spend greatest share of income on accommodation in EU
Greeks full of contradictions on ideology and political beliefs, study suggests
Poverty rate jumped by over 40 pct during crisis, more than anywhere in EU
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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