The heaviest financial crisis seems to be in Greece for the time being survived. However, the medium – and long-term effects will still be noticeable for a long time. So good of 360,000 Greeks have left since 2010, their home country. As the main reasons for the Institute KEPE a lack of prospects, low wages and high unemployment called the largest of the Greek economy. The KEPE study was published on Sunday in the Athens newspaper “Kathimerini”.

Also, the birth rate is in such favor that the Greek population is going to shrink, this Trend should continue in the next five decades by half. The consequences would be drastic. So, the retirement age of 67 years would have to be increased to 73 years, it said in the study. Currently the country has about 10.8 million inhabitants.

According to the Athens medical Association since 2010, about 18,000 young Greek Doctors, as well as thousands of estimated emigrated nurses. Also, engineers and other highly qualified young people are gone. The majority of them works in the UK, Germany and the Arab States of the Gulf.

After eight years of savings – and-assistance programmes, Greece was at 20. August from the financial aid programs have been released. The country needs to be financed in the coming years, now again under its own power, but is monitored by the Euro-partners. By 2022, the budget must achieve an annual primary surplus (excluding debt service payments) of 3.5%. Other Debts are linked.

More on the topic of the end of the credit programmes, Greece Is now really free?

Shortly before Christmas, the Parliament had approved in Athens in the budget for the year 2019. This is based on the assumption of economic growth of 2.5 percent for this year, 2.1 percent are expected. The gross domestic product is expected to rise to 190 billion euros; of around 183 billion Euro in the year 2018. Moreover, unemployment is expected to fall to 16.7 percent.


Sam Yoon has many years of experiences in journalism. He has covered such areas as information technology, science, sports and politics. Yoon can be reached at 82-2-6956-6698.