Every Greek owes (€30,000) double their annual income to foreign lenders

21 February 2019
460 Views

Every Greek is burdened with a €29.700 debt to the country’s foreign creditors, which is double the average of their annual gross income, according to an SEV (Hellenic Federation of Enterprises) analysis based on the OECD’s “How’s Life” study.

Greece is ranked last (35th) with regard to the sustainability of prosperity in the future, with Portugal occupying the second last spot among the OECD 35 members-states.
The Scandinavian countries took the top four spots, with Sweden holding the first position.

Greece fared relatively better in the dimension called “Natural Capital” coming in 23rd but was the worst (35th) in the “economic capital” dimension due to foreign debt and the collapse of investment and banking financing in recent years.

It came in 4th and 5th from the bottom in social and human capital dimensions, respectively, according to SEV, which is a result of the lack of citizens’ trust in the institutions and the low quality of professional and cognitive skills of the population, respectively.

You may be interested

Turkey vs Greece: EU’s failure to act will trigger conflict in east Med, warns expert
SLIDE
shares18 views
SLIDE
shares18 views

Turkey vs Greece: EU’s failure to act will trigger conflict in east Med, warns expert

makis - Oct 20, 2020

And the observer, who posts regular assessments of the situation via the Greek Analyst Twitter account, suggested Turkish President Recep…

Turkey to abandon some observation stations in Syria’s Idlib
WORLD
shares25 views
WORLD
shares25 views

Turkey to abandon some observation stations in Syria’s Idlib

Panos - Oct 20, 2020

Turkey has decided to abandon some of its military positions in Syria’s Idlib province, including observation stations established under a deal with…

Greek-Turkish crisis: Oruc Reis sailing on limit of 12-mile radius of Kastellorizo
GREECE
shares37 views
GREECE
shares37 views

Greek-Turkish crisis: Oruc Reis sailing on limit of 12-mile radius of Kastellorizo

Panos - Oct 20, 2020

The Turkish research vessel Oruc Reis is sailing close to a 12-nautical-mile radius from the Greek island of Kastellorizo, along with…

Leave a Comment

Your email address will not be published.