Flightglobal  3 hrs ago  Comment 
Egyptian and Greek authorities are concentrating a search for the missing EgyptAir Airbus A320 after indicating that an emergency signal has been received.
New York Times  9 hrs ago  Comment 
Mr. Ninagawa fused Kabuki with Western realism to mount original versions of Greek and Shakespearean tragedies in Japan, Europe and the United States.
New York Times  May 17  Comment 
The fund’s position is counter to Germany’s on the wisdom and future of austerity commitments, potentially setting up a conflict with creditors.
The Australian  May 17  Comment 
The IMF is pressing the eurozone to let Greece skip paying interest or principal on bailout loans until 2040.
Reuters  May 17  Comment 
Greece's Alpha Bank and Eurobank will transfer some troubled credit in large Greek companies to a platform set up with U.S. private equity firm KKR, as part of efforts to...
Clusterstock  May 17  Comment 
Greece has between 1,200 and 6,000 islands, according to a range of different estimates, and there is no definitive answer on how many the Greek government owns. What we do know is that dozens of islands are up for sale and that for the country...
SeekingAlpha  May 17  Comment 
MarketWatch  May 17  Comment 
Greece seems likely to benefit from heated European rhetoric over challenges from the British referendum and the far-right that are reminding some of Adolf Hitler, writes David Marsh.  May 16  Comment 
Government to introduce wave of new levies, including 20% on the beverage, in attempt to keep debt-laden country afloat Greeks will be subjected to yet more taxes as the country’s leftist-led government attempts to satisfy creditors in charge...
Financial Times  May 16  Comment 
Asylum seekers fear transfer far away from family and friends


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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