Wealth in Greece plunged by 170 bln since 2007, report finds
The inaugural Julius Baer (JB) Wealth Report published this week showed that European wealth exceeded its pre-crisis peak in 2013 reaching a new all-time high of 56 trillion, up 1.7 percent year on year, but that it had fallen by more than a fifth in Greece over the last seven years
Greece is least socially just country in EU, report indicates
Greece is the most socially unjust country in the European Union, with its performance deteriorating rapidly during the crisis, according to a recent study by the Bertelsmann Foundation.
Greeks most sceptical of EU and US policy towards Russia, poll indicates
We recently highlighted the difficulties the Greek coalition was having in steering a steady course as far as its relations with Moscow are concerned. Now, a new survey has outlined to what extent Greece is an outlier within Europe on how Russia is viewed.
ELSTAT survey finds 2013 household budgets devastated, inequality persists
The average monthly expenditure of Greek households dropped 7.8 percent year on year (YoY) to 1,509.39 euros in 2013, according to the 2013 Household Budget Survey published by the Hellenic Statistical Authority (ELSTAT).
Vast majority of Greeks pessimistic on prospects of recovery despite coalition efforts
The coalition’s efforts to convince Greeks that an economic recovery is on its way after six years of recession appears to be bearing little fruit so far, according to two new opinion polls.
GSEE report stresses risks on employment and the pension system, outlines burden on wages
The devastating impact on wages, employment and the social security system over the crisis years is clearly depicted in the annual report of the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE) published today.
Greeks' wages fell more than 10 pct in 2013, IKA data shows
Average wages in Greece fell by more than 10 percent in 2013, according to data published by the Social Insurance Institute (IKA), the country’s main social security organisation.
Greeks living in smaller, older, poorer quality homes during crisis, BoG study shows
A study published in the latest Bank of Greece (BoG) economic bulletin highlighted the deterioration in Greek households’ living and income conditions during the years of crisis (2008-2012).
Most Greeks saw income fall over last year, limiting purchasing power
The results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited.
Just 8 percent of Greece's 1.27 mln registered unemployed receive benefits
As we have highlighted before, one of the consequences of the Greek crisis often overlooked is that the vast majority of the country’s unemployed do not receive benefits as they would in many European Union countries.