Greeks appeared to be the second happiest people on the European continent, despite the ongoing financial crisis, according to research conducted by the non-profit, Hamburg-based, Foundation for Future Studies, Skai reported on Wednesday.

The organization’s data pointed to the Danes taking the lead in terms of happiness (95 percent), trailed by the Greeks (80 percent) and the Italians (79 percent). Germans were placed in the 11th position, with 61 percent. According to the foundation’s findings, the least happy European were to be found in Russia, where only 37 percent of the population conveyed its joy.

One third of Europe’s population said that despite the financial hurdles and feeling insecure about the future, they led happy lives.

The foundation was established on an initiative of British American Tobacco.