Tag: EU member states

Ecofin Approves Medium-Term Fiscal Plans for 21 EU Members, Including Greece

Ecofin has approved the medium-term fiscal-structural plans of 21 EU member states, including Greece, as part of the bloc’s new economic governance framework. Greece’s plan for 2025-2028 targets a steady reduction in public debt, from 153.7% of GDP in 2024 to 133.4% by 2028, while maintaining controlled expenditure growth. The initiative aims to ensure debt sustainability and promote inclusive economic growth across the EU.

Eurostat Report: Food Inflation in Greece Approaches Zero in November

Greece saw the second-lowest food inflation rate in the EU in November 2024, with prices rising by just 0.4% compared to the previous year. This marks the lowest increase since May 2021, reflecting a significant easing of financial pressures on households. While the general consumer price index rose by 3%, food prices dropped by 1.2% from October to November, second only to Malta’s decline.

Greece Records Highest Rate of Asylum Applications in the EU for August 2024

Greece recorded the highest rate of first-time asylum applications in the EU relative to its population in August 2024, with 59.9 applications per hundred thousand people, far exceeding the EU average of 15.4. While total EU asylum applications fell by nearly 25% compared to last year, Greece remains a key entry point for migrants, highlighting the ongoing challenges of equitable burden-sharing across member states.

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Greece's Average Salary Lags Behind EU: Struggling to Keep Up with Rising Living Costs

Eurostat’s latest report reveals that Greece’s average adjusted annual salary remains one of the lowest in the European Union, standing at €17,000 for 2023, just ahead of Hungary and far below the EU average of €37,900. Despite positive economic indicators, such as GDP growth, many Greek citizens continue to struggle with living costs, particularly in cities like Athens, where salaries barely cover basic expenses. With wages in countries like Luxembourg, Denmark, and Ireland far outpacing Greece, the salary gap in Europe continues to widen, leaving many in Greece questioning the effectiveness of economic recovery policies.

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