Send us Feedback

Investing in Greece

RECENT NEWS
What Happened To Greece's Solar Surge?
Forbes  May 17  Comment 
Well, they did it. Just a few months after reporting exceptionally strong growth in the solar sector, Athens announced that they would implement retroactive cuts to state subsidies. Like a number of European states, Greece had implemented a number...
Greek Member Of Parliament Yells 'Heil Hitler' In The Middle Of A Debate
Clusterstock  May 17  Comment 
Here's your reminder that the economic collapse in Greece has given rise to a sizable Neo-Nazi contingent (the Golden Dawn) in parliament. At the :36 mark in this video you can hear a member of the party shout "Heil Hitler." According to...
Lens Blog: Niko J. Kallianiotis's Photos of Astoria, Queens
New York Times  May 17  Comment 
A Greek photographer was unmoved by the immigrant community in Astoria, Queens, when he visited as a teenager. Twenty-five years later, he returned, drawn to the same community that alienated him as a youth.     
There's Been A Massive Rally In Greek Debt
Clusterstock  May 17  Comment 
Here's more proof that the crisis in Europe is no longer about debt, but about the real economy. Even in Greece, there's been a gigantic rally in government debt. Check out the dropping yield on 10-year Greek bonds over the last 6 months, and...
Eurozone crisis as it happened: Greece on track to exit slump next year, says Troika
guardian.co.uk  May 17  Comment 
Latest EC report shows that Greece is on track to return to growth in 2014, but warns that jobless will remain over 20% in three years Graeme Wearden Nick Fletcher     
Rinehart warns of Euro-style collapse
WA Business News  May 17  Comment 
Australia's richest woman Gina Rinehart has drawn criticism from Prime Minister Julia Gillard after saying Australia would face the same problems as Greece if support for the mining industry was not maintained (full speech below).
World Briefing | Europe: Greece: Teachers Abandon Strike Plan
New York Times  May 17  Comment 
Greek high school teachers on Thursday called off a strike after the government essentially banned it by enacting an emergency law that threatened strikers with arrest or dismissal.     
Greek addicts turn to deadly shisha drug as economic crisis deepens
guardian.co.uk  May 16  Comment 
Growing popularity of 'cocaine of the poor' in Athens has overwhelmed public health authorities already under strain Nobody knows which came first: the economic crisis tearing Greece apart or shisha, the drug now known as the "cocaine of the...
Property fraudster Achilleas Kallakis given extra four years
Times Online  May 16  Comment 
A flamboyant Greek property fraudster who conned two banks into lending him more than £750 million will be locked up for...




RELATED WIKI ARTICLES

Related Articles

more ▼WIKI ANALYSIS
Error creating thumbnail: convert: unable to open image `/home/wikinvest/src_live_2/mediawiki/images/6/63/Exquisite-opera.png': No such file or directory @ blob.c/OpenBlob/2480. convert: unable to open file `/home/wikinvest/src_live_2/mediawiki/images/6/63/Exquisite-opera.png' @ png.c/ReadPNGImage/2889. convert: missing an image filename `/home/wikinvest/src_live_2/mediawiki/images/thumb/6/63/Exquisite-opera.png/40px-Exquisite-opera.png' @ convert.c/ConvertImageCommand/2800.
 This article describes a geographic region that covers various exchanges, currencies, indices and stocks. View articles referencing this region.
 


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
Retrieved from "http://www.wikinvest.com/industry/Investing_in_Greece"

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