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

When Greece was out of money, we forced them to sell their good assets to us (Germany) and to keep their bad assets. Also we e.g. forced them to no longer write “fresh milk” on their groceries so our stale milk could compete better.

We did that saying that we want them to be better off after the crisis.

Also a lot of good people left Greece during that time to work elsewhere for better money. Now they generate wealth somewhere else and Greece needs workers / experts.

This is what I did notice without explicitly concerning myself with that topic.

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