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December 19, 2012

As Crisis Lingers, Greeks Drop to Last in World Giving

After three years of economic upheaval and fiscal austerity, Greece fell to the bottom of the standings in an annual survey on global generosity, Bloomberg reports.

Greece dropped two places to tie with Montenegro for last in the Charities Aid Foundation's World Giving Index, which uses Gallup Poll data to track how often people in 146 countries donate to charity, volunteer their time, and give aid to strangers. Australia, Ireland, Canada, New Zealand, and the United States held the top five spots.

Five percent of Greeks gave money to charity last year, down from 7 percent in 2010. John Low, the foundation's chief executive, said that with incomes falling and prices rising in countries hit hard by the crisis, "many [people] simply have less time and money to give."