Bloomberg: The development of the Greek economy exceeded the rest of the EU member states in 2023

Following the announcement of the Prime Minister of Greece, Kyriakos Mitsotakis, it was reported in Bloomberg that the country’s economy has recovered markedly since 2010, when the Greek debt crisis began. It is noted that the development of the Greek economy exceeded the performance of the European counterpart countries in 2023 and the rating agencies brought the country back to the investment level. According to Bloomberg, despite strong recovery, Greeks struggle with low wages, increased consumer prices, increased energy costs and persistent housing crisis. “Greece belongs to a group of European countries with a national minimum wage equal to or less than EUR 1,000 per month, according to Eurostat. These include Bulgaria, Cyprus, Poland and Romania.’ ‘The eastern Mediterranean country is also among the members of the European Union with the lowest average annual rate of increase in the minimum wage over the last decade, according to Eurostat. “