Phones
You don't really need an 8-core CPU and 12 gigs of RAM for making calls and browsing the web, which is what 95% of people use their phones for. Not even buying such phone for the sake of longevity is worth it since most manufacturers drop support for their phones after 5 years at most.
Because it is. And I say that as a Greek myself.
Greece has been ruled by corrupt politicians for preety much its entire modern history. Rich people never get prosecuted for the crimes they commit, heath and education are severely underfuned with outdated equipment, badly maintained facilities and underpaid personel, press freedom is deteriorating and governments push for neoliberal "reforms" like these.