economy

"Income margins and household purchasing power are gradually sinking into the quicksand of uncertainty, which leads to the erosion of savings, the behavioral disinvestment and the channeling of disposable income into consumption. On this basis, it is difficult to achieve a substantial increase in the national product and, by extension, neither an expansion nor a stabilization of the citizens' well-being. With a freer translation, given that nothing new is produced, nothing new can be built."

This is what the "Regional Policy Monitor" (PPP) or "Regional Policy Monitor" (RPM) reports in its study, compiled and made public by Giorgos Pagoulatos, Professor of European Politics & Economics at the Athens University of Economics and Business and Thanos Dellatolas, research assistant at ELIAMEP. It should be noted that the Observatory is an Urban non-profit company and is an organization for the production of research, studies and the promotion of documented ideas and proposals with specialization in Regional Development. Mr. Pagoulatos is a Special Scientific Advisor to the Administration of the Observatory.

As stated in a related announcement, "the imprint of the Great Economic Crisis after 2010 is still evident today in important indicators. If we look at the Eurostat data, there are figures that show significant improvements and steps forward in recent years, indicators related to the digital transition, friendliness and attractiveness to business and foreign investments, the existence of high-quality qualified human resources. It is a great challenge to leverage all the positive developments in the Greek economy and society, in order to overcome the wounds and shortcomings left behind by the legacy of the worst economic crisis of the post-war period. However, there are also a number of indicators that document significant challenges in critical areas such as population ageing, employment, education, housing and disposable income.”