Greece is a member of the European Union, and the country has enjoyed a stable economy for the past decade up to the present. The cost of living is 30% lower compared to other European countries. The Economist has ranked the country 22nd place in the Worldwide Quality-of-Life Index. The World Economic Forum also gave it 42nd place in the Global Competitiveness Report. Despite a few setbacks and accidents, Greece remains to be in good shape as far as economy and politics are concerned.
Living in major cities like Athens will definitely cost more. The average Greek salary is lower than the average EU salary, but this is offset with a high standard of living as social security costs make up for much of the difference. This cost of social security, income tax and indirect taxes make the overall Greek tax scheme one of the highest in the EU. All these expenses are still put to good use since the people get to have quality standard of life. [click to continue…]
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