More than half of Greeks said they are planning to spend less on Christmas gifts this year, according to a survey published on Tuesday.
The survey, conducted by the Nielsen research company and published in the Greek daily Kathimerini newspaper, found that 57 per cent of Greek consumers said they intend to cut their gift spending.
Within the European Union, Greece is second only to Portugal – where 67 per cent of consumers plan on spending less this year on presents – in terms of holiday frugality.
Roughly 52 per cent of Greeks said they will be spending less on clothes, electronic items, books and toys.
The same survey found that 3 per cent of Greeks are planning to spend more this year on presents.
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