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Greece Faces Mounting Social Strain as 2.8 Million Residents Risk Poverty

                                        Athens, Greece Greece is once again confronting a troubling social reality: an estimated 2.8 million people—more than a quarter of the country’s population—are now at risk of poverty or social exclusion. Despite signs of economic recovery in recent years, the benefits have not reached everyone, leaving many households struggling to keep up with rising living costs, stagnant wages, and persistent unemployment. The latest figures highlight widening inequality, particularly among young people, single‑parent families, and the long‑term unemployed. Inflation has intensified the pressure, eroding purchasing power and pushing vulnerable groups closer to the edge. Social organizations warn that the situation is becoming unsustainable, with increasing demand for food aid, housing support, and community services. While the government ha...
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GST Holiday Brings Mixed Reactions from Retailers

 

Retail organizations are welcoming the federal government’s decision to temporarily suspend the Goods and Services Tax (GST) on a wide range of items from December 14 to February 15. This move is expected to boost consumer spending during the typically slow post-holiday period. However, industry observers warn that the implementation could pose significant logistical challenges for many retailers.

The Retail Council of Canada has highlighted that while the GST break will be straightforward for some businesses, others may face a laborious process. Retailers will need to identify which products qualify for the tax exemption, reprogram their point-of-sale systems, and prepare to reverse these changes once the holiday ends.

Small and medium-sized businesses, in particular, may struggle with the short notice and the administrative burden. Despite these challenges, the retail sector remains optimistic that the GST holiday will drive increased traffic and sales, providing a much-needed boost during a period of economic uncertainty.


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