RECENT NEWS
The Economic Times  28 min ago  Comment 
Krugman's point, in short, is that any sort of outrage over the existence of what seems like crazy Greek plan "hack" its own banking system.
NPR  7 hrs ago  Comment 
Greece grows plenty of good agricultural products, but has trouble competing internationally. Many in Greece say it's time for the farm sector to modernize.
Clusterstock  9 hrs ago  Comment 
Well, duh. Greece had a plan to introduce a new currency if it got forced from the euro, and Nobel Laureate and New York Times columnist Paul Krugman can't believe people are shocked (shocked!) to find this out.  "I mean, really: it would...
MarketWatch  10 hrs ago  Comment 
The eurozone must boost demand or else far further behind the U.S., the IMF said Monday.
guardian.co.uk  11 hrs ago  Comment 
Former finance minister hits back over leaked briefing to top financiers about his secret plan Continue reading...
Clusterstock  Jul 27  Comment 
Greece seems sort of fixed. At least for now.  After a July 5 referendum that saw Greek citizens vote against Greece's latest bailout, the Greek government struck basically the same deal with its creditors anyway. This is what Europe wanted,...
Financial Times  Jul 27  Comment 
Fund warns central bankers that Greece could still flare up as a crisis point for eurozone
guardian.co.uk  Jul 27  Comment 
Reforms and action needed urgently as fears over Greece, high unemployment, structural flaws and a still-shaken bank sector slow growth The International Monetary Fund has warned the eurozone faces a gloomy economic outlook thanks to lingering...
Benzinga  Jul 27  Comment 
Although Greece and its creditors were able to come to a preliminary agreement regarding the nation's bailout funding, Greek banks are still struggling to stay afloat after several weeks without additional funding left them strapped for...




 


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)

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki