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Reuters  3 hrs ago  Comment 
Greece will seek to ensure seamless market access when its bailout programme expires next year, its government spokesman said on Thursday, as speculation grew that the country's first debt market foray in three years was imminent.
SeekingAlpha  5 hrs ago  Comment 
guardian.co.uk  Jul 18  Comment 
A brave group have become an example for Britain, and all of Europe, in taking back workplace control • Aditya Chakrabortty is a Guardian columnist You could call the men and women at Viome factory workers, but that wouldn’t be the half of it....
Financial Times  Jul 17  Comment 
Athens takes advantage of global investors’ willingness to forgive in hunt for yield
guardian.co.uk  Jul 16  Comment 
Researchers say tax reform plan would increase gap between rich and poor US already does ‘very badly’ on global inequality index Donald Trump’s tax reform plans would, if enacted, increase the gap between rich and poor Americans and see...
Channel News Asia  Jul 16  Comment 
Bolstered by its third bailout programme and positive reports from the European Union, Greece is planning an imminent test of the bond market, local media said this weekend.




 


Greece ranked 42nd in the list of countries by GDP per capita, with $339.2 billion GDP in 2009 estimates. Its economy is dominated by the public sector, which accounts for approximately 40% of its GDP, followed by the tourism industry that accounts for 15% of GDP. Other important sectors include food processing, tobacco, textiles, chemicals (including refineries), pharmaceuticals, cement, glass, telecommunication and transport equipment.[1] Ever since Greece joined the EU, it became a major beneficiary of EU aid. On top of that, the replacement of drachma to the Euro currency gives Greece the access to competitive loan rates and also to low rates of the Eurobond market. This improved consumer spending dramatically, boosting economic growth to approximately 4% per year between 2003 and 2007.[2]

Greece's sovereign debt crisis Greece was not spared from the international financial crisis. In 2010, a burgeoning government deficit (12.7% of GDP) and mounting public debt (113% of GDP in 2009) led to concerns about Greece defaulting.

References

  1. TDS - Greece, Europe
  2. CIA World Fact Book 2010

Companies in the Investing in Greece Industry (303)

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