New York Times  7 hrs ago  Comment 
Perhaps Donald Trump is playing the men’s card: The U.S. is positioned between Greece and Bangladesh in one metric of women’s success in politics.
The Times of India  7 hrs ago  Comment 
Paris, April 27, 2016 (AFP) -Eurogroup chief Jeroen Dijsselbloem on Wednesday said the next meeting of eurozone finance ministers to discuss debt-crippled Greece could take place within the next two weeks. "I don't have a deadline. I know that...  8 hrs ago  Comment 
European council president declined Greek proposals, instead urging eurozone finance ministers to call emergency debt meeting within days Mounting urgency has returned to Greece with the country’s financial predicament igniting fears of a...
New York Times  9 hrs ago  Comment 
Without new rescue funds by July, the country could default on its debts and throw the currency bloc into another period of chaos.
The Times of India  11 hrs ago  Comment 
Athens, April 27, 2016 (AFP) -Greek Prime Minister Alexis Tsipras on Wednesday sought help from the European Union to break a deadlock in critical debt talks as as his spokeswoman accused the IMF of "undermining" the process.
Benzinga  Apr 27  Comment 
Uber, the popular ride sharing platform, announced on Wednesday that Arianna Huffington will join its board of directors. Huffington is the founder and editor-in-chief of the Huffington Post. Uber's CEO Travis Kalanick stated that he is friends...
Forbes  Apr 27  Comment 
Which countries have the greatest entrepreneurial flair? Self-employed people are defined by the OECD as employers, own-account workers, members of producers' co-operatives and unpaid family workers. In 2014, the share of self-employed workers (as...  Apr 27  Comment 
VIENNA (dpa-AFX) - French shares eked out modest gains in choppy trade on Wednesday as encouraging data out of Germany and higher oil prices offset worries over a steep fall in Greek shares. Greece's benchmark ATG equity index was down...
The Hindu Business Line  Apr 27  Comment 
European stocks slipped on Wednesday, weighed down by some weak corporate earnings, while the Greek market underperformed after euro zone officials delayed a meeting on the country’s bailout.Greece’s...  Apr 27  Comment 
Draghi defends ECB in Bild interview Greek crisis escalating again.... Osborne: Investment being delayed by EU risks Economists: Can’t just blame Brexit Breaking: UK growth slows to 0.4% Service sector grows, everything else shrinks ...


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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