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Impact of pandemic, lockdowns reflected in lower household spending during 2020
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Short-term fix for electricity bills leaves open questions for green transition strategy
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Politicians have commissioned, and largely ignored, multiple reports on wildfires
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Greece falls behind on gender equality due to drop in political empowerment
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New development law chips away at Greece's Natura 2000 regime
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Public sector staff trends survive MoU exit, change of government
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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