Greece to Spend €20 Billion to Reverse Population Decline

Published on October 3, 2024

Greece plans to invest €20 billion ($22 billion) by 2035 in incentives aimed at reversing its declining population. With a fertility rate of 1.3, one of the lowest in Europe and far below the 2.5 needed for population growth, the country faces a significant demographic crisis. The National Demographic Action Plan, outlining incentives through to 2035 to halt the decline, was formally presented on Monday to the government in a cabinet meeting. Prime Minister Kyriakos Mitsotakis has previously called the country’s situation “a national threat” and a “ticking time bomb” for pensions. The 20 billion euros ($22 billion) spend includes incentives for couples to have children such as cash benefits, daycare vouchers and tax breaks, Greece’s family ministry said....

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