purchasing power
Greek News
Purchasing Power of Greeks Second From Bottom in the EU
Greeks have the second to the bottom—just above Bulgaria—purchasing power in the EU according to Eurostat. These are statistics that put a dent in the Greek government's triumphant claims about the rise in economic prosperity.
In 2023, substantial differences in...
Economy
Greece Lags Behind in Minimum Wage, Purchasing Power
Greece is close to the bottom among countries regarding the minimum wages earned by workers, and Greeks have little real purchasing power, according to data from Germany's Wirtschafts-und Sozialwissenschaftliches Institut (WSI).
Greece's low ranking is attributed mainly to the economic crisis the nation has...
Economy
Study: Fifteen Percent of Greeks Live in Extreme Poverty
Greeks have lost 1/3 of their purchasing power and 1/4 of their income, while in 2014, 95% of them said they have difficulties getting by and 15% live in extreme poverty in 2015, a new study shows.
The study, was...