Why Greece is struggling so much with productivity?

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I know that Greece has had economic woes for some time, but I was surprised to learn that the average Greek worker puts in more hours per year than the average American and significantly more than the EU average. With the recent approval of six day workweeks in Greece, while conversations about shifting to four day workweeks are occurring elsewhere in the world, I’m curious as to what has led to this situation occurring?

In: Economics

15 Answers

Anonymous 0 Comments

Anecdotally as a fairly frequent tourist to Greece, people in that industry work very long hours. Same guy selling boat tours at 10am and 10pm just for example. I imagine that balances out though in the low season. Point being that it’s not a lack of effort on the people’s part but something else as others have pointed out.

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