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Greece

More Than One Third of Greek Households Unable to Pay Utility Bills

With more than a third of households unable to pay their utility bills on time, Greece has the unenviable distinction of topping all EU countries in the largest number of people unable to do so, according to data compiled...

Excessive Taxes and Negative Savings for Greek Households

Greece has reportedly the lowest savings rate among the 28 EU countries, as households and businesses 'bend' at the expense of wage cuts, excessive taxes and the burdens of a nation that is inefficient in critical areas such as...

Greek Households Continue Cutbacks on Basic Goods, Electronics, Fuel

Greek households continue to cut down on basic goods such as food, electronics and car fuel in order to meet their tax obligations to the State. According to data released by the Ministry of Energy and the Environment, in the...

Greek Households Reduce Food Consumption by 27%; Wealth Declines to 40%

Crisis-stricken Greeks have seen their wealth decline by 40%, their income dropping 26% and food consumption reduced by 27% in a five-year period, a Bank of Greece study shows. The data applies to the 2009-2014 period and shows that annual...

Tax Income in Greek Households at 82.1 Billion Euros in 2016

The income in Greek households was 75.157 billion euros in 2016, according to income tax statements made to tax agencies last year, with the value of taxed income rising to 82.1 billion euros, official figures showed on Thursday. A total...

BoG Study: From 2008-2016 Greek Households Saw a 37.5 % Decline in Wealth

On Wednesday a study published in the Bank of Greece’s Economic Bulletin revealed that Greeks have seen their salaries shrink considerably in the period between 2010 and 2016. The study showed that in Greece annual households disposable income decreased by...

Survey: Greek Households Get Poorer, Middle Class Is Dwindling

One in three families in Greece has at least one unemployed member, while the middle class is dwindling, a new survey on behalf of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) says. The research was conducted by MARC...

Greek Households Spend More than 41 Percent of Income on Basic Housing Needs

Greek households' living conditions and ability to maintain property to cover basic housing needs are behind other member states of the European Union. Information from the European Federation of National Organisations Working with the Homeleess (FEANTSA) gives an overview of...

Greek Households Unable to Pay Their Taxes, Study Shows

  The majority of Greek households cannot afford to pay their taxes, says a study conducted by the General Confederation of Greek Workers (GSEE). "The sharp decline of wages in the past six years has reduced dramatically the tax-paying abilities of...

Greek Households' Available Income Down in 2013

Greek households lost 13.9 billion euros from their gross available income in 2013, with their available income falling by 10.2 pct, compared with 2012 from 136.5 billion to 122.6 billion euros, Hellenic Statistical Authority (ELSTAT) said on Tuesday. The statistics...

1/3 of Greek Households Earn Less than 10,000 Euros

According to a survey conducted by Small Enterprises’ Institute of the Hellenic Confederation of Professionals, Craftsmen and Merchants (IME-GSEVEE), almost one in three Greeks are facing poverty and debt, while the disposable income has slipped below the poverty line. The...

In Greek Households the Man Earns, the Woman Does Housework

The Greek family remains very traditional as the man goes to work and puts bread on the table while the woman stays at home and tends to the household, according to a new report by the Hellenic Statistical Authority...

Greek Households Lose 14 Bln Euros of Disposable Income in 2013

Greek households lost some 14 million euros from their available income last year, the Hellenic Statistical Authority (ELSTAT) revealed today. Apart from their income reductions, Greek households were also hit by a 10.7% reduction in workers’ pay and another...

Greek Households Lost 12.6 Bln Euros Since 2009

Greek households have recorded losses of another 1.4 billion euros from their disposable income during the year's second quarter, mainly due to raised taxes. Compared with the first quarter of 2014, income and wealth taxes increased by 984 million...

Greek Households Owe €70 Billion in Taxes

  Tax debts owed to the Greek state reached a new high in September, amounting to 70.16 billion euros. Total tax debt in August was 69.24 billion. Many Greek households are struggling to remain consistent with their payments. Statistics show that new debts...