Greece is taking unprecedented measures to avoid becoming the oldest nation in Europe

The government in Athens has announced tax cuts and other financial incentives to combat the problem of population decline. The measures include a 2% reduction in all tax rates, zero tax for low-income families with four children and the abolition of property tax in rural areas with a population of less than 1,500 people. Details are reported Profit.Ro .

Greek Prime Minister Kyriakos Mitsotakis also said that the 1.6 billion euro aid package was dictated by one of the most serious problems facing the Mediterranean country. We are talking about a demographic crisis of unprecedented proportions, which threatens to turn the country into the oldest nation in all of Europe.

"We know that the cost of living is one percent if you don't have one child, and another if you have two or three children. Therefore, as a state, we must find a way to reward our citizens who decide [to have children]," Mitsotakis said.

Fertility rate in Greece has only 1.4 children per woman, which is significantly lower than the reproduction rate of the population, which is 2.1.

According to Eurostat, it is expected that by 2050 the population of Greece will decrease from today's 10.2 million to less than 8 million people, with 36% of the population over the age of 65.