Mondo Visione  9 hrs ago  Comment 
The European Securities and Markets Authority (ESMA) has issued its official opinion agreeing to an emergency short selling prohibition by the Hellenic Capital Market Commission (HCMC) under the Short Selling Regulation which replaces the...
MarketWatch  Sep 30  Comment 
The Greek debt affair has also harmed the eurozone, potentially irreparably, writes Satyajit Das.
BBC News  Sep 29  Comment 
Debt crisis has been 'catastrophe' for Greek students
Benzinga  Sep 29  Comment 
Goldman Sachs recently visited Greece and met with members of the banking community to get an update on conditions within the sector. Although immediate liquidity is no longer a concern due to capital controls, bank sentiment remains...
Financial Times  Sep 29  Comment 
Greek prime minister must deliver economic reform, avoid Grexit and fend off attacks from the left
Wall Street Journal  Sep 29  Comment 
Many of Greece’s world-leading shipowners are actively exploring options to leave their home country, reacting to the prospect of sharply higher shipping taxes in the debt-ridden nation.
MarketWatch  Sep 29  Comment 
Greece faces a bleak future regardless of the outcome of the current negotiations, writes Satyajit Das.


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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