Greece is the one nation whose wealth has shrunk by 11% within the final 15 years, whereas on the similar time the remainder of the planet is getting progressively richer. These disheartening info are dropped at mild by the Swiss financial institution UBS in a brand new report, proving that the Mitsotakis authorities’s laudatory statements concerning the allegedly constructive course of the economic system don’t have anything to do with actuality.
The entire world is getting wealthy besides the Greeks
The UBS International Wealth Report highlights the “plunge” recorded in Greece from 2008 to 2023 when it comes to common wealth per grownup, because it fell by greater than 30%. On the similar time, the full wealth of Greece decreased by 11%. In distinction, nations akin to Spain and Portugal, which skilled the devastating results of the 2008 financial recession concurrently Greece, noticed a big enhance of their wealth. Particularly, wealth in Portugal has elevated by greater than 80% since 2008, whereas in Spain it’s about 12% increased.
Inequalities in Greece… are holding up effectively
On the degree of social coverage, in Greece there are sluggish reflexes to take care of poverty, because the wealth inequality of Greece has reached 17%. The current figures from Eurostat transfer in the identical context, which factors out that Greece doesn’t make adequate use of the help packages of the Restoration Fund for the availability of advantages.
The identical scenario is noticed by the Hellenic Statistical Authority (ELSTAT), which in its newest report said that 2,658,400 residents in Greece are confronted with poverty, confirming that in the long run the profit coverage of the ND is proscribed to the availability of vouchers of every kind…
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