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Public sector staff trends survive MoU exit, change of government
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Greeks see corruption as rife, going unpunished in new survey
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Greece persistently bottom of the list for EU gender equality
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Greeks less optimistic in face of second Covid-19 wave, survey finds
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Gap between deaths and births grows to largest in series in 2019
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Household expenditure rises by 2.5 pct in 2019
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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