RECENT NEWS
Financial Times  12 hrs ago  Comment 
Brussels still at odds with IMF, pushing rescue tussle into election season
newratings.com  Feb 16  Comment 
BRUSSELS (dpa-AFX) - Delaying the agreement on the bailout for Greece will carry costs for all, and not just for Athens, European Commission Vice President Valdis Dombrovskis said Thursday. Lenders are forced to choose between working hard to...
Reuters  Feb 16  Comment 
European Union officials urged Greece and its lenders on Thursday to conclude a bailout review quickly to avert fresh uncertainty hovering over the crisis-hit nation and warned that a stalemate could harm its nascent economic recovery.
newratings.com  Feb 15  Comment 
WASHINGTON (dpa-AFX) - Researchers claim to have developed a new 'early warning system' that could help policymakers around the world take action to avert or lessen the impact of financial crisis. Existing prediction systems failed to...
newratings.com  Feb 15  Comment 
BRUSSELS (dpa-AFX) - Greece's EU measure of inflation climbed for the second straight month in January to the strongest level in nearly five years, figures from the Hellenic Statistical Authority showed Wednesday. The harmonized index of...
guardian.co.uk  Feb 14  Comment 
Athens’ refusal to further austerity intensifies standoff over €86bn aid package that requires government to implement economic reforms The standoff between Greece and its creditors has escalated, with the embattled Athens government vowing...
Clusterstock  Feb 14  Comment 
LONDON — Greece is poised to call in Rothschild, one of the oldest financial firms in the world, to help it navigate its current debt crisis, according to a report in the Financial Times. The FT reports that Greece is about to appoint...
Financial Times  Feb 14  Comment 
Athens seeks to end long-running creditor stand-off and avert default
Forbes  Feb 13  Comment 
This weekend brought the release of John Wick: Chapter 2, a movie that remixes classical culture in new ways. Here are just a few classical reasons you may want to see this film as well (no spoilers lay ahead).




 


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)

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki