Multiple potential benefits await Greece if it can clinch QE eligibility
If it manages to conclude the second review, Athens has its heart set on the inclusion of Greek government bonds (GGBs) in the European Central Bank’s quantitative easing (QE) programme, which requires the eurozone central bank to deem Greece’s debt sustainable.
Gucci and Greece’s lost photo opportunity
Recently, the Greek authorities were approached by fashion house Gucci for permission to hold a runway event at the Parthenon. The Central Archaeological Council (KAS), which has the final say over such matters, rejected the request, saying that it was out of line with the monuments cultural character.
Disabled rights still lacking in Greece
The Greek crisis has seen services and funds cut across the board from pensioners to preschools. But if there is one group that has been disproportionately affected, it is the disabled.
Greece’s M&A market stagnates during recession
Mergers and acquisitions (M&As) are an important element to corporate growth but one that Greece appears to be lacking.
Greece’s downstream oil industry adapts to shifting demands
If the average person were asked to guess what Greece’s top export is, they might say olive oil or feta. They’d be wrong. It is refined petroleum.
Greek Pharmaceuticals: The little pill with big potential
The Greek pharmaceutical industry has remained a relatively strong sector despite the crisis - it contributes around 2.8 billion euros to GDP annually, according to the Greek government, and is one of the few industries in Greece which expanded its companies and workforce during the crisis rather than reduced it.
Greece’s embattled commercial steel market industry braced for more challenges
China’s steel export profile was among the topics discussed at the latest G20 meeting in Hangzhou. China in recent years has emerged as a powerhouse of cheap steel production, to the detriment of the rest of the world.
Can Greece learn to love renewable energy?
Greece is one of the most fossil-fuel dependent countries in the European Union, and has struggled to shake off this label at a time when the production of energy from renewable sources is one of the fastest growing sectors in the world.
Greece's public healthcare in a muddled and troubled state
Greece provides a universal free or low-cost public healthcare system to employees or the self-employed insured with the country’s social security system. However, plummeting government spending and rising unemployment have led to the country’s public healthcare landscape has taken a heavy beating.
Marinopoulos travails point to wider difficulties for supermarket sector
It’s been a dramatic days for the Marinopoulos, Greece’s biggest supermarket chain. The company filed for protection from its creditors last Tuesday amid 1.3 billion euros of debt, an unprecedented amount for a Greek company. A court granted it temporary respite on Friday.