Reuters  9 hrs ago  Comment 
Greece must implement its bailout programme fast to achieve its main aim of regaining access to market financing and escaping international supervision, re-elected leftist Prime Minister Alexis Tsipras said on Saturday.
New York Times  Oct 3  Comment 
Nearly 400,000 refugees and migrants have arrived in Greece by crossing the Mediterranean Sea this year.
Clusterstock  Oct 2  Comment 
By Jan Strupczewski BRUSSELS (Reuters) - Greece is likely to qualify for recapitalization funds for its banks by a Nov. 15 deadline because the payment depends mainly on financial sector reforms that it can implement by then, euro zone officials...
Financial Times  Oct 1  Comment 
Loan terms are the most concessionary β€˜in world history’
Financial Times  Oct 1  Comment 
Sale of Turkish unit offers lender way to meet eurozone demands to raise fresh capital
Benzinga  Oct 1  Comment 
Greece's Syriza-led government is caught between a rock and a hard place now that it has agreed to EU mandated spending cuts in order to continue receiving its bailout payments. On one hand, Athens would be unable to stay afloat without...  Oct 1  Comment 
BRUSSELS (dpa-AFX) - Greece's manufacturing activity deteriorated again in September, as output and new orders continued to fall sharply, survey figures from Markit Economics showed Thursday. The seasonally adjusted purchasing managers'...


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.


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

Companies in the Investing in Greece Industry (303)

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