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Between 2008 and 2015 Greek GDP per capita, adjusted to inflation, dived 30 percent to €18,000 (Photo: u07ch)

The eurozone's debt moment

Greece will hold snap general elections on 25 January bringing to a head a long brewing conflict between Brussels economic austerity policies and Greece's political protests.

Between 2008 and 2015 Greek GDP per capita, adjusted to inflation, tanked 30 percent to €18,000.

In absolute terms, that is comparable to a collapse of living standards from the level of Israel to those of Libya or Gabon.

In the process, Greece’s ranking in the global competitiveness index has plunged...

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

Between 2008 and 2015 Greek GDP per capita, adjusted to inflation, dived 30 percent to €18,000 (Photo: u07ch)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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