According to the latest report of Europe’s statistical agency Eurostat, Greece remains among the most expensive countries in the EU despite the economic contraction and radical cuts to salaries, pensions and benefits.
Figures also show that prices in the debt-ridden country have been soaring, adding to the burden of beleaguered Greeks while businesses say they can not afford to reduce what they charge.
Greek Ministry of Development officials said that the situation in the marketplace is worse than expected and prices higher after five years of consecutive recession. According to the Eurostat figures, Greek prices are higher than the Eurozone average in many product categories, while Greece is the most expensive country in milk and dairy products as well as furniture and electronic equipment.
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