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Greece launches price-compare app as households face soaring costs

6/23/2026

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Summary

Story summary

The government launched a “How much does it cost?” price-comparison app for consumers.
Greece’s economy, growing 2% with a surplus, aims to leave the EU’s highest-debt rank.
High inflation and a €18,000 average salary—under half the EU average—force many households to spend 40% of income on housing.
Bank of Greece Governor Yannis Stournaras said tax evasion accounts for 20-21% of GDP, above the 15-17% in Europe, pressuring consumers.

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Story summary

The government launched a “How much does it cost?” price-comparison app for consumers.
Greece’s economy, growing 2% with a surplus, aims to leave the EU’s highest-debt rank.
High inflation and a €18,000 average salary—under half the EU average—force many households to spend 40% of income on housing.
Bank of Greece Governor Yannis Stournaras said tax evasion accounts for 20-21% of GDP, above the 15-17% in Europe, pressuring consumers.