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Financial Times  1 hr ago  Comment 
Athens buoyed by brighter outlook but analysts sound note of caution
SeekingAlpha  7 hrs ago  Comment 
BBC News  2 hrs ago  Comment 
He is said to be part of a gang accused of laundering billions of dollars using the digital currency.
New York Times  Jul 25  Comment 
Greek and European officials hailed Tuesday’s bond sale as a milestone for a troubled country that nearly exited the euro twice since the financial crisis erupted.
Channel News Asia  Jul 25  Comment 
LONDON: Europe's main stock markets rose on Tuesday (Jul 25), with miners boosted by high copper prices and as investors welcomed Greece's return to international debt markets, dealers said. London's commodities-heavy FTSE 100 index forged higher...
guardian.co.uk  Jul 25  Comment 
All the day’s economic and financial news, as Athens sells debt for the first time in three years Latest: Greece has sold €3bn of debt in ‘absolute success’ Greece pledges to hold more auctions Capital Economics: It’s good news,...
Wall Street Journal  Jul 25  Comment 
Greece said it would return to international bond markets for the first time in three years, seeking to swap a bond coming due in 2019 for a new one that will mature in 2022
Reuters  Jul 25  Comment 
The dollar sat at a more-than-one-year low while stocks climbed on Tuesday, as investors bet that subdued U.S. inflation and strains in Washington would limit Federal Reserve interest rate moves for the rest of the year.
New York Times  Jul 24  Comment 
The announcement that Athens would issue new bonds offered hope that one of Europe’s weakest economies might at last be weaning itself off international bailouts.
guardian.co.uk  Jul 24  Comment 
Successful issue of new five-year bonds would help crisis-hit country exit long cycle of austerity and bailouts Athens has outlined plans to return to the financial markets for the first time since 2014, with a plan to sell new five-year bonds to...
guardian.co.uk  Jul 24  Comment 
All the day’s economic and financial news, as Athens looks to end its three-year banishment from the markets Latest: Greece to sell debt again... ..also offering to buy back some existing debt Deal could help Athens return to the...




 


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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