Expensive Living: The Greek Experience Under The Euro

Apart from its widely accepted direct advantages, the introduction of the euro has been accompanied by a surge of inflation in most of the EU member states. At the same time, wages - in part, wages of the unskilled - are relatively losing ground, while the purchasing power of the average European seems also to have weakened since the introduction of the single currency. There is one phrase on the lips of Europeans today more than any other, "Life is getting too expensive."