Greekonomics: Inequality, Low Productivity, and a Housing Crisis - Why Greece Has Fallen Behind Europe
Greece, often hailed for its resilience after a decade-long financial crisis, remains far from converging with its European partners. Despite signs of stability on the surface, the country continues to grapple with deep-seated structural weaknesses, low productivity, and widening social inequality. According to an in-depth report presented by economics professor Kosmas Marinakis as part of his Greekonomics series on YouTube, Greece's economy is not just underperforming-it is structurally stuck. Drawing from the latest Eurostat and ELSTAT data, Marinakis lays out why the country has failed to catch up with the rest of the EU, and why the prospects for real convergence remain slim without a radical shift in economic strategy. The report paints a stark picture: Greece has not only failed to close the gap with the wealthier European countries but is increasingly resembling the EU's poorest economies. In 2024, Greece's per capita GDP ranks...
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