July 16, 2024

Athens News

News in English from Greece

Eurobarometer: 8 out of 10 Greeks can’t pay their bills


Despite the fact that the Economist magazine named Greece the country of the year, based on statistics, the inhabitants of the country think completely differently.

The Greek economy has recorded some decline in recent years. The energy crisis caused by the war in Ukraine, as well as inflation, led to a decrease in the economic potential of citizens.

After all, in many opinion polls, citizens cite “rising prices” as the most fundamental problem facing Greek society. Eurobarometer research confirms that although the Greek economy is growing, eight out of ten citizens cannot pay their bills.

Standard of living of the Greek population

When asked about the personal standard of living and financial capabilities of the Greeks:

  • 87% believe that living standards will worsen next year,
  • 12% do not expect any changes or impact on living standards,
  • 1% believe that the standard of living has improved.

At European level:

  • 73% believe that the standard of living will worsen over time,
  • 24% believe that there will be no changes or impact on their standard of living,
  • 2% believe that their standard of living has improved,
  • 1% did not answer.

Eight out of ten Greeks have difficulty paying their bills

When asked whether Greeks had difficulty paying their bills in the past year, 50% said they were unable to pay their bills some of the time, 36% said most of the time, and 14% said they had no difficulty paying their bills.

For the same question 62% citizens of other member states EU respond that they do not have problems paying bills, 28% say they have problems paying their bills occasionally, 9% say they have problems managing their finances most of the time, and 1% were unable to answer.

Greece ranks first among countries with greatest inability to pay bills. The same question was asked citizens of 27 EU member states. Judging by their answers, countries with the fewest financial problems are Sweden with 6%, Denmark with 7% and Finland with 20%.

Top 10 countries with the highest insolvency of residents:

  1. Greece – 86%,
  2. Portugal – 64%,
  3. Cyprus – 63%,
  4. Bulgaria – 59%,
  5. Italy – 57%,
  6. Romania – 57%,
  7. Ireland – 55%,
  8. Croatia – 53%,
  9. Latvia – 37%,
  10. France – 36%.

Citizens’ answers about their expected standard of living in a year

When asked by Eurobarometer whether their standard of living would improve in a year:

  • 58% of Greeks believe they will be worse off
  • 33% believe that the situation will be the same
  • 7% believe that the level will improve,
  • 2% could not answer.

In the corresponding question 46% Europeans are believedthat the situation will be the same, 38% believe that the situation will be worse, 13% believe that the situation will improve and 3% did not answer the question.

How do citizens see the Greek economy next year?

When asked by the Eurobarometer whether the national economy will improve in a year, 66% of Greeks believe that it will be in a worse position, 24% – it will be the same, 9% believe that the situation will improve and 1% did not answer the question.

In the corresponding question 52% Europeans believe that the situation will be worse, 31% believe that the situation will be the same, 13% believe that the situation will be better and 4% did not answer the question.



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