Series

Greece’s economy

Why Greece’s recession outlasted every other in modern history: structure, investment and the labour market.

Part 1
17 May 2021

How bad is the Greek labour market?

Tied to the euro, Greece could not devalue its currency, so wages and pensions fell instead. What that did to demand and jobs.

Part 2
17 May 2021

World Brief

Why hasn’t investment picked up in Greece?

Greece was the only OECD country with falling productivity between 2010 and 2016. The collapse in investment explains much of it.

Part 3
18 May 2021

World Explainer

Understanding what ails the Greek economy

To understand why Greece has been in a recession longer than any other country in modern history, one must look closely at the structural problems in the Greek economy and its evolution