RECENT NEWS
New York Times  May 25  Comment 
There was no immediate claim of responsibility, and it was not clear whether the bombing was connected to parcel bombs that were sent from the country in March.
DailyFinance  May 25  Comment 
Filed under: News, World News, Crisis ATHENS, May 25 (Reuters) - Greece's former prime minister Lucas Papademos was injured when an explosive device hidden in an envelope detonated inside his car in central Athens on Wednesday, police...
SeekingAlpha  May 25  Comment 
Financial Times  May 23  Comment 
Initiative aims to buy time while delaying politically sensitive talks on debt relief
Channel News Asia  May 23  Comment 
Germany's Finance Minister Wolfgang Schaeuble expressed some confidence on Tuesday that Greece's international creditors would overcome their differences and agree in three weeks on a deal that would release more loans to Athens.
guardian.co.uk  May 23  Comment 
US economy edges higher UK borrowed more than expected in April Deficit rises over £10bn last month Eurozone company growth is strongest since 2011 Introduction: Disappointment over Greek talks Greek finance minister hopes for deal...
BBC News  May 22  Comment 
Talks with eurozone ministers are expected to continue ahead of the next official meeting on 15 June.




 


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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