Friday, 26 June 2009

More news on the cost of living in Greece - and it's not good

This article was pubished in May 2008 but I believe the economic turn down has not improved things and the cost of living in Greece has increased:

"Greece also has the highest cost of living in Europe, according to a recent survey by the Consumer Protection Center (KEPKA) on supermarket prices. Greeks pay –215.70 for 86 of the basic goods, for which Germans pay –162.71. For example, a kilo of yoghurt costs –0.93 in Germany but –2.49 in Greece. Fresh milk costs –0.66 in Germany but –0.94 in Greece. Local farm products such as feta cheese and red (Florina) peppers cost more in Greece than in any other European country."

This I admit is frightening but it is the realities of daily life:

"According to the latest report by the European Commission, 49 percent of Greeks say they have already reduced purchases of various goods, 73 percent are no longer planning to buy a new car, 82 percent have decided against buying a home and 74 percent against having repairs done to their homes.

One in three Greeks has difficulty in paying the rent or mortgage installment, having meat or fish on the table every two days or heating their homes adequately.

Nearly half of those with low incomes say they are pessimistic about the future and are expecting more price rises over the next few months. (In Spain the corresponding percentage is just 9 percent, in France 7 and Italy 6.4 percent.)

Today the percentage of the population that lives on the poverty line stands at 20 percent, with most of the burden being borne by pensioners, single-parent families, the unemployed, young people and immigrants. A fifth cannot afford to buy a personal computer, 11.31 percent cannot afford a washing machine and 22.3 percent a car. Meanwhile two-thirds (523,122 people) say they cannot afford extraordinary expenses and 79.3 percent don’t have the money for a week’s holiday.

About 400,000 people say they have not been able to afford a visit to a doctor."

Both quotes are from the national Greek newspaper Kathimerini


  1. You can learn more about the Greek culture at where you can make a personal profile & connect with other Greeks around the world! This could be helpful with your move to Greece!

  2. Yes, and I think you might have sourced these Kathimerini articles from my numerous posts on the cost of living, just as you based your other cost of living article on things I compiled.

    I have no problem with you, as long as you abide by the rules set forth in my policy, which is based on copyright law and journalistic ethics. Thank you :) -- Kat, author and journalist