Financial literacy in Greece

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.