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Farmers Bring Their Demands to Athens as Costs Surge

Greek farmers with their tractors rally in front of the Greek parliament, over unsolved issues after weeks of blockades. Greek farmers converged on Athens in a powerful display of frustration over rising production costs that they say are pushing them to the brink. Driving tractors, carrying banners, and gathering in Syntagma Square, they demanded stronger government support to keep their farms viable. The protesters argue that soaring fuel prices, higher electricity bills, and increased costs for animal feed and fertilizers have made it nearly impossible to sustain their livelihoods. Many also want long‑term structural reforms, including better access to water resources and more predictable subsidies. Government officials have acknowledged the pressure on the agricultural sector and signaled willingness to negotiate, but farmers insist that previous promises have not been enough. Their message in the capital was clear: without meaningful relief, Greece risks losing a vital part of ...
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“Me-cession”: When the Economy Grows, but Households Struggle

 

In a peculiar economic moment, Canada finds itself in what some economists are calling a “me-cession.” While the country’s overall economy continues to grow, individual households are facing challenges that make it feel like a recession for many Canadians.

Traditionally, economists define a recession as two consecutive quarters of negative growth in real gross domestic product (GDP), often accompanied by rising unemployment. However, Canada has managed to avoid a technical recession, even though its growth has been sluggish. So, what exactly is this “me-cession”?

Understanding the “Me-cession”

  • Not Just Numbers: The term “me-cession” reflects the disconnect between macroeconomic indicators and the everyday experiences of Canadians. While GDP numbers may look positive, households are feeling the pinch.
  • Stagnant Wages: Despite economic growth, wages have remained stagnant for many workers. As costs of living rise, families find it harder to make ends meet.
  • Financial Stress: Polling data shows that 46% of Canadians are losing sleep over their finances. People are cutting back on dining out, delaying large purchases, and even putting off moving to cope with financial stress.
  • Consumer Behavior: Businesses report consumers paring back spending, and households express feeling stressed. This behavioral shift contributes to the “me-cession” sentiment.

In summary, the “me-cession” highlights the gap between economic statistics and the lived experiences of Canadians. While the economy stays afloat, many households struggle to get ahead. It’s a reminder that economic well-being isn’t just about national GDP; it’s about the financial health of individuals and families.


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