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purchasing power

Greece Lags Behind in Minimum Wage, Purchasing Power

Greece is close to the bottom among countries regarding the minimum wages earned by workers, and Greeks have little real purchasing power, according to data from Germany's Wirtschafts-und Sozialwissenschaftliches Institut (WSI). Greece's low ranking is attributed mainly to the economic crisis the nation has...

Study: Fifteen Percent of Greeks Live in Extreme Poverty

Greeks have lost 1/3 of their purchasing power and 1/4 of their income, while in 2014, 95% of them said they have difficulties getting by and 15% live in extreme poverty in 2015, a new study shows. The study, was...