Investing in Greece
The Greek economy, having achieved high growth rates until 2008, showed signs of recession in 2009 as a result of the global financial crisis, and from 2010 onwards the recession intensified considerably due to country’s fiscal imbalances. The need for consolidation led the country to embark on a trilateral mechanism of financial support, comprised of the EU, the IMF and the ECB. The restrictive income policy and drastic limitation on public expenses during the past five years have had a negative impact on GDP growth, leading to its decrease by 5.4% in 2010, 8.9% in 2011, 6.6% in 2012 and 3.9% in 2013 (constant prices of year 2010).
