RECENT NEWS
New York Times  9 hrs ago  Comment 
Some analysts say sensationalism and obsessive coverage have made the negotiations more difficult.
Reuters  12 hrs ago  Comment 
Global equity markets and bond yields fell on Friday, weighed by data that showed the U.S. economy contracted in the first quarter and by mixed signals from Greece's debt talks.
Wall Street Journal  May 29  Comment 
Benzinga  May 29  Comment 
In a report published Thursday, Deutsche Bank Strategist George Saravelos said that Greece's "endgame is here." The cash-strapped country is trying to come to an agreement with European officials to unlock much-needed bailout aid and avoid...
Yahoo  May 29  Comment 
The United States warned on Friday of a possible accident for the world economy if Greece and its creditors miss their June deadlines to avert a debt default.
newratings.com  May 29  Comment 
WASHINGTON (dpa-AFX) - Stocks have moved mostly lower in early trading on Friday, adding to the losses posted in the previous session. The major averages have moved to the downside for the second straight session after seeing considerable...
New York Times  May 29  Comment 
The secretary of the U.S. Treasury said after Group of 7 meetings that risks persisted if Greece and its eurozone partners failed to reach an agreement soon.
Clusterstock  May 29  Comment 
By Sweta Singh (Reuters) - U.S. stock index futures were lower on Friday amid worries about Greece's ability to strike a deal with its euro zone partners by Sunday and ahead of U.S. gross domestic product (GDP) data. * A euro zone official said...
Times Online  May 29  Comment 
The moribund Greek economy slipped back into recession yesterday as its finance minister lambasted creditors for insisting on added austerity...
The Hindu Business Line  May 29  Comment 
European shares fell on Friday, setting them on course for a weekly loss, as investors were unnerved by conflicting signals from Greece’s debt talks and data showing private loan growth in the eur...
Financial Times  May 29  Comment 
Shanghai hit by renewed volatility




 


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