Greece's Position in the EU Market

Minister of State Akis Skertsos highlighted the issue of high prices in Greece compared to countries like Spain in a recent social media post. Referring to data from Eurostat and the Spanish central bank, he emphasized that Greece ranks as the 8th cheapest country in the EU. Despite this ranking, he acknowledged that Greece remains relatively affordable compared to many other EU nations.

Skertsos underscored ongoing efforts to bolster incomes, wages, and pensions to enhance the purchasing power of Greeks. He also stressed the importance of improving competition and prices to benefit consumers, pledging to continue these initiatives with determination, transparency, and dedication.

In summary, Greece's prices for goods and services are approximately 87% of the European average. While acknowledging that Greece is more expensive than several countries within the EU (Bulgaria, Hungary, Latvia, Lithuania, Poland, and Romania), Skertsos highlighted that it remains cheaper than 19 other member states, positioning Greece as the 8th most affordable country in the