Why is convergence with the Eurozone slow
The Greek economy is improving, but convergence with the Eurozone is lagging behind. Per capita GDP reached 68% of the EU average. in 2025, but without exceeding the 2008 level. According to Declan Costello of the European Commission, household purchasing power remains below the pre-crisis levels. Obstacles are the business environment, demographic trends, labour taxation and skills mismatch. The Recovery Fund helped, but Greece will continue to rely on European funds after its expiry in 2026.





