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SeekingAlpha  12 hrs ago  Comment 
DailyFinance  Apr 25  Comment 
Filed under: News, US, Controversy Chobani filed a lawsuit against radio host and conspiracy theorist Alex Jones, saying he published false information about the Greek yogurt company. Read more...   Permalink | Email...
TechCrunch  Apr 25  Comment 
 Thanks to his work at Politico, Mike Allen has been described as “The Man the White House Wakes Up To.” But he left the site last year and teamed up with Politico’s Jim VandeHei to launch Axios, a media startup that combines brevity...
Wall Street Journal  Apr 23  Comment 
The International Monetary Fund had a sobering message for Greece this weekend: Even if the country secures debt relief from its European creditors, the nation still needs even more painful economic overhauls.
Financial Times  Apr 23  Comment 
Move against ex-chiefs seen as attempt to divert attention from tax and pension reforms
guardian.co.uk  Apr 22  Comment 
Talks with IMF and eurozone have dragged on for months, but fresh funds needed so Greece can pay debt due in July It is “urgent” to reach an agreement on a loan program for Greece but a commitment is still required from Athens on reforms and...
New York Times  Apr 22  Comment 
The Trump administration appears to have little appetite for another European economic relief project. And calls are growing for Europe to help.
Mondo Visione  Apr 21  Comment 
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today after a meeting with Greece’s Finance Minister Euclid Tsakalotos: “I met today with Minister Tsakalotos and his...
guardian.co.uk  Apr 21  Comment 
Retail sales fell by 1.4% during the first three months of 2017 as shoppers were put off by rising prices. It was the biggest quarterly fall in sales since 2010. UK growth expected to slow to 0.4% in Q1 French PMIs: strong growth signalled in...




 


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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