x

Society

Surveys Shows One in Two Greeks Can’t Make Ends Meet

December 31, 2017

ATHENS – Except for the rich, politicians, tax cheats and the privileged, Greece’s long economic crisis has taken such a hard toll that 50 percent of people say they are struggling to get by after being buried by harsh austerity measures.

The ruling Radical Left SYRIZA-led coalition promised to reverse big pay cuts, tax hikes, slashed pensions and worker firings but doubled down on them under orders from the country’s creditors to whom Prime Minister Alexis Tsipras surrendered instead of defying as he swore he would do.

He imposed another avalanche of tax hikes in 2016 and more will kick in on Jan. 1 and taxes on low-and-middle income families are in the wings too.

A study by the University of Macedonia in Thessaloniki said half of Greeks have financial difficulties each month and 10 percent said they can’t make it.

Only 6.5 percent of respondents reported having no financial problems in December month, a 1 percent increase compared to the same period last year. That was despite a big holiday handout by Tsipras to lower-income pensioners and jobless youth in a frantic bid to turn around his plummeting popularity at a cost of 1.4 billion euros ($1.68 billion) to the budget.

RELATED

ATHENS — A Greek helicopter pilot was sentenced to life in prison Monday for killing his British-Greek wife in their home on the outskirts of Athens and trying to mislead police for weeks by claiming she was killed by intruders in a brutal house invasion.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mitsotakis Meets with Biden at the White House (Video)

WASHINGTON, DC – Greek Prime Minister Kyriakos Mitsotakis met with US President Joe Biden at the White House on Monday, in the first day of an official two-day visit to the American capital.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.