1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Greece Suffering From The Economic Crisis

Pauline Bennett, an expat living in Greece, expresses her concerns over the effects of the economic crisis in Greece.

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - May 9, 2010 - We all know that Greece is going through an economic crisis. George Papandreou took over as Prime Minister of Greece in October 2009. Now he has the tough job of bringing the country back from the brink. The country has a budget deficit of 12.7 per cent and a public debt of €300 billion, plus it is struggling to pay its bills as interest rates on debts rise.

Papandreou has tried to rescue the Greek economy by increasing taxes on fuel, tobacco and alcohol, raising the retirement age by two years, imposing public sector pay cuts and applying a tough new tax evasion regulation, which has not gone down too well with some sectors of society. Also VAT has been increased from 19 per cent to 21 per cent, which has angered most of the population.

Farmers have begun blockading roads to demand greater government subsidies and workers have been staging strikes.

“As a result of this we are all seeing fuel prices going up which in turn means the food prices are increasing too, so the cost of living is rising,” said Pauline. “While all this is happening I still have no regrets about moving here and on the whole it is still cheaper to live here than in the UK.

“We’re learning to shop more wisely and to shop around. We use two or three supermarkets as certain things are cheaper in one than another. If it is saving money then it’s no problem to visit different supermarkets to do our weekly shop.”

Living in the sun is proud to announce Pauline Bennett’s personal account of the economic crisis in Greece. You can read her account in full by visiting:  http://livinginthesun.info/greece/another-country-in-crisis/

For more information about living in Greece visit: http://www.livinginthesun.info/greece

# # #

The Living In The Sun team is split into four different countries France, Greece, Portugal and Spain. These are all popular destinations for an expat who plans to live in the sun.
The aim of Living In The Sun is to help other expats who are starting a new life abroad. See http://www.livinginthesun.info for more info.

--- End ---

Click to Share

Contact Email:
***@livinginthesun.info Email Verified
Source:Living In The Sun
Phone:0034 610 976 284
State/Province:Crete - Greece
Industry:Tourism, Travel, Lifestyle
Tags:economic crisis in greece, , moving to greece, expats in greece, george papandreou, economy in greece
Shortcut:http://prlog.org/10669493
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Upcoming Press Releases...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
8.4K1.9K2.6K
Click to Share