Students sit nationwide university entrance exams in June. Education in Greece is only nominally free, says the author. [AMNA]
Despite the inflationary wave over the last two years, Greece still faces significantly higher food and consumer goods prices compared to other European countries. The country is experiencing a noticeable redistribution of income that favors the wealthy and big corporations at the expense of wage earners and the less fortunate.
This imbalance is particularly evident in the housing market, with government measures expected to drive property prices up, disadvantaging renters and prospective homeowners. The overall trend of favoring profits over fair wages, weakening welfare services, and burdening depositors further fuels this wealth disparity.
However, the economic results fail to justify such redistribution, as Greece continues to struggle with low productivity, a growing public debt, and insufficient private investments. The current economic model remains unchanged, indicating that the ongoing redistribution is not beneficial in the long run.
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