Greek families burdened by high tax rates
Poverty declined in 2018, births continued to lag behind deaths
Survey reveals how Greeks are coping with lockdown
Google mobility report illustrates stark drop in activity due to Covid-19
OECD Better Life report finds Greece still lagging in life satisfaction
Nearly half of all households still rely on pensions for income, survey shows
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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