Benzinga  Oct 12  Comment 
Perhaps due to the struggles of the iShares MSCI Italy Index (ETF) (NYSE: EWI), the Global X MSCI Greece ETF (Global X Funds (NYSE: GREK)) is not the most notorious member of the quintet of single-country exchange-traded funds dedicated to PIIGS...  Oct 12  Comment 
VIENNA (dpa-AFX) - Serious concerns over the sustainability of Greece's public debt and the return of confidence on the economy is still gradual, European Central Bank Executive Board member Benoit Coeure said Wednesday. "All stakeholders...  Oct 10  Comment 
EU finance ministers to release €2.8bn after Athens government carried out required reforms relating to privatising state assets, tax and pensions Greece is on track to receive €2.8bn (£2.5bn) from its eurozone creditors by the end of...
Reuters  Oct 10  Comment 
Euro zone finance ministers gave Greece a positive review of its reforms on Monday but divided up the latest tranche of aid to Athens, disbursing a 1.1 billion euro loan but postponing its decision on a further 1.7 billion payout to later in October.  Oct 10  Comment 
BRUSSELS (dpa-AFX) - Greece's EU Measure of inflation decreased for the first time in four months in September, defying economists' forecast for a further increase, figures from the Hellenic Statistical Authority showed Monday. The...
The Hindu Business Line  Oct 9  Comment 
Greek and IMF officials held talks at the Funds' fall meetings this week.
Reuters  Oct 8  Comment 
Euro zone finance ministers are likely to approve on Monday the disbursement of much or all of the money from the 2.8 billion euro ($3.14 billion) tranche of loans Greece is waiting for, two senior euro zone officials said on Friday.  Oct 6  Comment 
WASHINGTON (dpa-AFX) - Chobani, the company that makes Greek Yogurt brand, announced it will offer six weeks of 100 percent paid parental leave for both mothers and fathers. Both hourly and salaried employees will be eligible for the new parental...


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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