Greece Has Become a "Café Economy," LSE Study Finds
6 Articles
6 Articles
Study describes the transformation of the Greek economy after the memoranda, with a drop in productivity and an increase in employment in tourism and catering. Greece seems to have been trapped, for the last fifteen years, in a development model with shaky foundations. This is the main conclusion of a study by the Greek Observatory of the London School of Economics (LSE), which describes the transformation of the Greek economy after the memorand…
At a time when the Maximos Mansion and Kyriakos Mitsotakis insist on selling a communicative “fairy tale” about supposedly strong growth, modernization and investment grade, a catapult study by the Greek Observatory of the London School of Economics (LSE) comes to shatter the virtual reality of government. The LSE article on the Mitsotakis narrative: Greece turned into a “coffee economy” with a collapse in wages and a 16% plunge in productivity …
Tourism increased - Productivity decreased
In every neighborhood, on every shopping street, next to metro stations, universities and workplaces, cafes are now a …
Greek Reporter: Greece Has Become a “Café Economy,” LSE Study Finds
A recent study titled “The Café Economy” by the Hellenic Observatory at the London School of Economics (LSE) reveals an uncomfortable truth about the transformation of Greece’s economy following the bailout era. The study, co-authored by Michalis Nikiforos, Vlassis Missos, Christos Perros, and Nikolaos Rodousakis, analyzes how Greece has morphed into a “cafe economy.” This describes the massive expansion of the Accommodation and Food Service Act…
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