The course of the Greek economy can be assessed from different perspectives. Most useful indicators refer to the grand total or the averages. Fiscally, state coffers are performing in a way that allows for smooth debt servicing. Macroeconomically, Greece’s real GDP is growing faster than the eurozone, as well as per capita. The country’s financing costs have converged with those of other European countries, while domestic financing channels have improved. Economic growth could have been stronger after the country’s deep debt crisis and may strengthen in the future, but this requires a sharp increase in productive investments and a simpler tax and regulatory laws for citizens and businesses.
In addition to the overall figures, another element of great importance is how growth is distributed across the population. The aim of economic policy is the well-being of every citizen. Increasingly, the issue of inequalities is provoking academic research and political debate on a global scale. Inequalities exist in all economies, since not all people are the same, nor do they start from the same position or respond to opportunities in the same way.
The issue of extreme inequality is becoming the focus, especially in connection with a few companies that dominate the digital economy worldwide. Although the nature and effects of this phenomenon have not been sufficiently analyzed, the evolution of inequalities among the vast majority of the population is much more important. The issue is complex – after all, there are rich countries with high inequality, as well as poor countries with low inequality.
