Many aspects of the economic problems add to the problem. The Greek people have continued job loss and wage cuts, as well as deep cuts in workers compensation and social welfare benefits.

Summary The Greek Economy and the Crisis Challenges and Responses

For those who are working, their wages have dropped. From Wikipedia, the free encyclopedia.

This article needs to be updated. Please update this article to reflect recent events or newly available information. Population below poverty line. Net international investment position. Economic history of Greece and the Greek world.

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Summary The Greek Economy and the Crisis Challenges and Responses - Study Smart

List of Greek subdivisions by GDP. Health care in Greece. List of Greek companies. World Economic Outlook Database, October Retrieved 9 October Retrieved 4 December Retrieved 7 December November , annual inflation 1. Retrieved 10 December Retrieved 23 June Retrieved 19 September Retrieved 28 September List of exporters for Sea Transport , i.

Retrieved 22 May OECD 15 March Retrieved 14 April The Greek shipping industry is well-organised and influential, both domestically and internationally, The Hellenic Chamber of Shipping, the world's largest association of ship owners, is the industry's official advisor to the government on all Proceedings of the 2nd International Conference: Finally, the most important Greek industry, shipping, is making huge gains establishing its prowess in the global market, being the biggest in the world, makes Greece a real global player.

Encyclopedia of World Geography: The Greek shipping industry, one of the largest in the world, accounts for more than 30 percent of the income derived from services. It is exempt from government control, unlike other Ibpus. Business in Greece for Everyone: Practical Information and Contacts for Success.

Greek shipping and List of ports in Greece The shipping industry is a key element of Greek economic activity dating back to ancient times. Today, shipping is one of the country's most important industries. It accounts for 4. Greek ships make up 70 percent of the European Union's total merchant fleet. Greece has a large shipbuilding and ship refitting industry.

Its six shipyards near Piraeus are among the biggest in Europe.


  1. The Frogmorton Chronicles.
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As Greek ships primarily transport Competition and regulation in shipping and shipping related industries. Tullio Treves; Pineshi The Law of the Sea: The Shipping Industry The shipping industry the transport of persons and goods by sea constitutes one of the most important factors for the Greek society and economy Athanasios A.

Since Greek shipping ranks on top of world shipping business in terms of tonnage and volume, it is of interest to have a closer look at Greek shipping finance. The World Bank Group. Retrieved 31 October Retrieved 26 October Retrieved 13 July Retrieved 10 August Retrieved 22 February Retrieved 23 July Retrieved 26 July Retrieved 20 April Archived from the original PDF on 30 October Retrieved 14 December United Nations Conference on Trade and Development.

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Retrieved 16 November Greece is the Balkan region's largest economy and has been an important investor in Southeast Europe over the past decade. Central and South-Eastern Europe: Retrieved 27 May The Security Dilemma in the Aegean. Greece is the most important trading partner of the Former Yugoslav Republic of Macedonia. Thompson 9 August Greeks are already among the three largest investors in Bulgaria, Romania and Serbia, and overall Greek investment in the World Economic Outlook Database. Retrieved 13 April Retrieved 23 October Retrieved 23 February Retrieved 29 February Retrieved 1 March Google Public Data Explorer.

Retrieved 13 February Retrieved 15 May Retrieved 21 April Retrieved 20 June Retrieved 17 October Retrieved 4 November Retrieved 8 March A Pictorial History eBook. Retrieved 19 May United Nations Development Programme. Retrieved 15 September Retrieved 13 December Retrieved 28 April Storm over bailout of Greece, EU's most ailing economy.

Criminalization of the truth, says G. Retrieved 21 May Retrieved 6 January Archived from the original PDF on 26 September Retrieved 25 May Archived from the original PDF on 8 October Retrieved 12 September National Statistical Service of Greece. Archived from the original PDF on 27 February Retrieved 18 October Archived from the original PDF on 1 November Retrieved 11 August Steil, Benn 21 February Parallels between Rome's efforts to qualify for euro entry and the financial chicanery in Texas".

Council on Foreign Relations. Archived from the original on 5 November Retrieved 25 September Myths, Popular Notions and Implications". Retrieved 14 October Retrieved 8 September Retrieved 31 August Greece, the Euro and the Sovereign Debt Crisis. Hobeken , New Jersey: A Very European Crisis". Retrieved 2 May Retrieved 6 May Archived from the original on The New York Times.

Economy of Greece

In dozens of deals across the Continent, banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books. Greece, for example, traded away the rights to airport fees and lottery proceeds in years to come.

Greece actually executed the swap transactions to reduce its debt-to-gross-domestic-product ratio because all member states were required by the Maastricht Treaty to show an improvement in their public finances," Laffan said in an e- mail. One of the more intriguing lines from that latter piece says: Did Britain hide its debts? Was Goldman Sachs involved? Such contracts were also used by other European countries until Eurostat, the EU's statistic agency, stopped accepting them later in the decade.

Eurostat has also asked Athens to clarify the contracts. Retrieved 29 October This credit disguised as a swap didn't show up in the Greek debt statistics. Eurostat's reporting rules don't comprehensively record transactions involving financial derivatives.

In previous years, Italy used a similar trick to mask its true debt with the help of a different US bank. Retrieved 5 August Retrieved 6 March Retrieved 3 November Retrieved 9 May Retrieved 8 December The Wall Street Journal. Archived from the original on 3 September Retrieved 6 October Retrieved 9 July Retrieved 9 March Archived from the original on 27 June Retrieved 30 July Retrieved 29 May Retrieved 22 June Archived from the original on 6 October Retrieved 19 October Archived from the original PDF on 26 August Retrieved 24 October Archived from the original PDF on 10 July Retrieved 20 October Archived from the original PDF on 11 May Archived from the original on 13 November Production and sales — — Provisional Data".

Retrieved 4 June Retrieved 9 April Retrieved 9 June Archived from the original on 8 June European Community Shipowners' Associations. Archived from the original PDF on 16 December European Community Shipowners' Association. National Bank of Greece. Archived from the original on 31 August Retrieved 8 April List of importers for Sea Transport , i. Retrieved 23 May List of markets for Sea Transport , i.

The 2008 Financial Crisis: Crash Course Economics #12

Retrieved 10 May Retrieved 10 January Archived from the original PDF on 31 January Retrieved 19 December Archived from the original PDF on 19 December Digital culture and e-tourism. Retrieved 19 August Archived from the original PDF on 16 May Archived from the original PDF on 18 April Retrieved 23 April Archived from the original on 13 July The Ties That Bind". Archived from the original on 18 January Archived from the original PDF on 9 July Retrieved 10 April Publication Data Place of Publication.

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