Reuters  Oct 6  Comment 
Greece's economy will suffer a less severe recession this year than its international lenders assumed in drafting the country's new bailout programme, Finance Minister Euclid Tsakalotos said on Tuesday.
Financial Times  Oct 6  Comment 
Debt relief a priority for new Syriza-led government
The Times of India  Oct 6  Comment 
Eurozone finance ministers on Monday urged Athens to swiftly implement the tough reforms at heart of its huge bailout as new forecasts showed Greece's economy stuck in recession well into 2016.
Reuters  Oct 5  Comment 
Greece must complete the first review of agreed reforms, including the governance of its financial sector, before European creditors can pump in more money to recapitalise Greek banks, the chairman of euro zone finance ministers said.
Reuters  Oct 5  Comment 
Greek Prime Minister Alexis Tsipras told lawmakers on Monday that debt relief is essential for the crisis-hit country to return to growth and regain access to market financing by the first half of 2017.
Reuters  Oct 5  Comment 
Greece will not cut the price of a deal with Germany's Fraport to lease some of its airports, the head of the country's privatization agency told a newspaper on Monday, despite...
Reuters  Oct 5  Comment 
Greek fund Tollerton and Icelandic peer Novator plan to sell Poland's fourth-largest mobile operator P4 for up to 7.5 billion zlotys ($2 billion), three market sources told...
Forbes  Oct 5  Comment 
An interview with classical archaeologist Dimitri Nakassis, whose work on the language, architecture, and artifacts of Mycenaean Greece has earned him a 2015 MacArthur "Genius" Fellowship.
The Economic Times  Oct 5  Comment 
A group of Italian investors are suing the ECB over its role in the 2012 Greek debt restructuring and violations of their equal creditor status, according to the Telegraph.


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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