Tag: living standards

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Greek Economy Rebounds, But Many Still Struggle

Despite Greece’s substantial economic rebound, with the country’s GDP growing at 2% – higher than…

Greece’s Efforts to Reverse Brain Drain Amid Continued Emigration

Between 2010 and 2021, about 600,000 educated Greeks left the country, prompting the finance ministry to offer tax incentives to encourage their return. Despite these efforts, emigration continues, though at a reduced rate. The Greek government, under Prime Minister Kyriakos Mitsotakis, is working to reverse this trend by offering a 50 percent tax rebate for returning expatriates. However, challenges remain, including low living standards and high unemployment, which make it difficult for many to return.