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Athens dearer than Berlin

Athens is the world’s 78th most expensive city for non-locals, among 214 cities, according to human resources consultants Mercer

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Athens dearer than Berlin
13 Jun 2012

Athens is the world’s 78th most expensive city for non-locals, among 214 cities, according to human resources consultants Mercer.

Although the Greek capital is cheaper today than in the past due to the decline in rental rates, it remains more expensive than Berlin, which ranks 106th and is seen as the most attractive among the European metropolises.

A telling example of prices in Athens is that of served coffee, which in Athens averages out at 4.70 euros, while in Berlin it costs 4.18 euros.

This has been affected by the increase in the value-added tax rate in Greece.

The world’s most expensive city is Tokyo, according to the Mercer list.

The study is addressed mostly to multinational companies who calculate the daily costs for their employees stationed abroad.

Source: Kathimerini

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Are these fools for real? International "experts" Mercer joining the queue of attacking Ellada. But these intellectuals claim that Athens is dearer than Berlin. Do they really think that a poor cup of German coffee is equal to a real Greek coffee? Malakes. Just over a year ago we visited several countries in Europe and I can honestly state that the Hellenic nation, north to south, east to west was remarkably affordable. Our son went to every European country including Germany just over half a year ago and he agrees that Ellada was the most economical place to visit. To eat in, drink in, holiday and stay in without argument. But a lot of 'stories' are being made up to damage the Hellenic economy and this one suggests that Athens is dearer than Berlin. Yeah, and the Pope is actually a woman in disguise. In the same way I was reading that German tourists visiting Ellada were politely and very happily surprised to find that the Hellenic people were very friendly, despite opposing stories circulating in Germany. WE members of the Hellenic 'world' need to stand up and defend Ellada against enemies wherever they may be. To me we are in a war and WE must fight for our heritage's sake.
Submitted by atkenos on Wed, 2012-06-13 22:08.
Since Greece entered the eurozone prices reached levels not commensurate with the actual quality of goods and services. Greeks should have adjusted the euro according to the 'real' value of the good or service according to market dictates so a coffee that cost 500 Drachmas would cost 2.5 euro. Instead a 500 Drachma coffee began to cost 5euro - in real terms a $3AUD began to cost $7AUD overnight. Greek businesses especially SMEs gouged prices and on top failed to pay appropriate taxes. Rather than paying what a product or service is worth in the free market, professional cartels, special interest groups, and mass corruption came together to conflate prices. There is something wrong when it is dearer to eat a meal in Athens than a meal in Sydney or Melbourne. If the populism of Mr Tsipras wins over Greeks on 17 June then we will see the lower than real worth of Greece’s goods and services. Lambis SA
Submitted by LAMBIS on Wed, 2012-06-13 15:51.

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