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Greece business prospects, for the short to medium term, remain unstable. While Greece has a capitalist economy, the problem lies in a ballooning public sector that accounts for roughly 40% of GDP. As a result of this excess, the largest economy in the Balkans has seen its debt-to-GDP ratio grow to unsustainable levels. A bloated public sector with high levels of political and economic corruption, low global competitiveness relative to its EU partners, and rising unemployment levels make a resolution that much harder to obtain. Greece’s two alternative, austerity or default, are both painful paths to follow. Regardless of the outcome, important Greek industries that will eventually see a resurgence include tourism, merchant shipping, as well as considerable agriculture and fisheries sectors.

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