RECENT NEWS
newratings.com  4 hrs ago  Comment 
BRUSSELS (dpa-AFX) - Greece's imports prices declined further in June, though at a slower pace than in the previous month, data from the Hellenic Statistical Authority showed Wednesday. The import price index fell 4.8 percent year-over-year...
Forbes  Aug 9  Comment 
Archaeologists think this skeleton, found in the Greek part of Italy and dating to 480 BC, is the oldest Olympian ever discovered.
newratings.com  Aug 9  Comment 
BRUSSELS (dpa-AFX) - Greece's industrial production increased for the third straight month in June, and at an accelerated pace, data from the Hellenic Statistical Authority showed Tuesday. Industrial production advanced a...
Reuters  Aug 8  Comment 
PCP Capital Partners, the investment vehicle of dealmaker Amanda Staveley is looking at acquiring a strategic stake in a Greek bank and using it as a platform to invest up...
New York Times  Aug 7  Comment 
Roasted potato hash is on the menu, along with Greek tomato salad and more.
newratings.com  Aug 5  Comment 
BRUSSELS (dpa-AFX) - Greece's EU measure of inflation climbed for the second straight month in July, and at a steady pace, figures from the Hellenic Statistical Authority showed Monday. The harmonized index of consumer prices, or HICP, rose...
Forbes  Aug 4  Comment 
The Olympics may not be fully nude anymore, but that doesn't mean that our gaze upon the thousands of athletic bodies from around the globe doesn't still have the ability to change the minds of the spectators in regard to the shapes, colors and...
MarketWatch  Aug 3  Comment 
The Olympic Games are costly, corrupt, politicized and commercialized, and have become an embarrassment even to the hosts, writes Amotz Asa-El, who suggests they should be moved permanently back to Greece.
Financial Times  Aug 3  Comment 
Third-worst return on equity in the EU, ahead of only Greece and Portugal
Financial Times  Aug 2  Comment 
Brussels and ECB concerned by charge that Andreas Georgiou overstated deficit to justify harsh bailout




 


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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