Advances in Management and Applied Economics

Financial literacy in Greece

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• Abstract

   

  In an extremely turbulent fiscal situation, Greece has received financial help three times between 2010 and 2015. The Greek people have had a very large percentage of the income reduced since 2009, and have had to adapt very quickly to a new reality. This paper aims to shed light on the financial choices the Greek people made and to examine how well they can respond to urgent financial needs in a time when the Greek society has shifted towards poverty.

   

  Keywords: Financial literacy, Greek economy, Greek debt crisis.