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Greece’s Economic and Social Transformation 2008–2017

Department of Social Administration and Political Science, Democritus University of Thrace, 69100 Komotini, Greece
Soc. Sci. 2018, 7(1), 9;
Received: 11 October 2017 / Revised: 27 December 2017 / Accepted: 1 January 2018 / Published: 6 January 2018
PDF [554 KB, uploaded 6 January 2018]


Greece has confronted serious financial problems since 2008 when the global financial crisis reached its peak. The disturbance in the markets led to an unprecedented local debt crisis, which has lasted till now. The scope of this research is to examine how the crisis affected the local transformation of the society from 2008 to 2017. For this purpose, the paper made secondary analysis of previous data, reports, articles, as well as other relevant information on basic economic and social factors such as GDP, income per capita, unemployment, social exclusion, poverty and homelessness. Despite the fact that three International Economic Programmes have been adopted by the Greek governments, the country still fights for its financial stability. Furthermore, the consequences of crisis were devastating in society. The state countermeasures have triggered a surge in unemployment, emigration, poverty and exclusion, especially among youngsters. In addition, major national economic and social indicators have significantly worsened. View Full-Text
Keywords: crisis; poverty; exclusion; unemployment; bailout crisis; poverty; exclusion; unemployment; bailout
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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Mavridis, S. Greece’s Economic and Social Transformation 2008–2017. Soc. Sci. 2018, 7, 9.

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