Talk:Economy of Greece

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[edit] Military Spending

'Bout a month ago, the article contained the figures for military spending. where did those figures go?

Project2501a 14:37, 26 Dec 2004 (UTC)

A-K-Y-R-O Project2501a 14:39, 26 Dec 2004 (UTC)

[edit] Electricity generation

I believe that the vast majority of Greek electricity generation is from lignite, not hydro as reported in the statistics. Also, wind energy amounts to a few hundred megawatts and probably deserves a mention independently.

" In Greece today the mainer source for electricity generation is the lignite, representing roughly 59% of total production. The fuel oil that is used mainly in units of not connected system (islands) represent roughly 14%, the natural gas roughly 13%, the big hydroelectric roughly 6%. The production from RSE oscillates in roughly 2,5% and this is included the wind power plants, the micrometers hydroelectric work, the biomass and photovoltaic systems."

from http://www.argotrade.com/wind/

I read in a 1984 World Book that 25% of villagers did not have power, do they all have it now?

[edit] Outdated figures

The CIA Factbook has more recent figures (many from 2004) than this article.

  • The article doesn't mention at any detail the everyday reality concerning the HUGE problems of poverty, loaning and unemployment. Pictureuploader 10:05, 13 June 2006 (UTC)

[edit] neoliberal view

However there are two challenges for policymakers: a)to avoid an economic slump after the enthusiasm of the Games has gone and the EU farm subsidies get cut in 2006 and b) to proceed with stuctural economic reforms, especially in the areas of social insurance, welfare, and the labour market which will encourage further investments, lower the country's high unemployment and promote growth and economic stability. The first step was taken on the 30th June 2005 with substantial reforms of the insurance system for bank employees against fierce opposition from the unions and the main opposition partyPASOK with laws liberalising working hours in retail trade and employment and providing for public/private financing initiatives of public works and services to follow over the summer.

aint this just the neoliberal view / proposed solution?


[edit] male/female work force ratio

According to EU12 ratings, IIRC after italy or portugal, greece follows with less women working compared to men in EU12. This is a main characteristic of economy growth and it is especially mentioned in EU advisory papers for countries. It's true that strong and very high growing economies like Sweden's show an equal share or even more women working than men. I strongly believe all this should analysed somehow in such articles.

[edit] Financial problems

I repeat: this article doesn't mention anything about the HUGE financial problems of which Greece is suffering. The financial is the most permanent and prevailing problem the average Greek citizen is concerned about, Greece has the 3rd worst economy of the EU, goods' prices are augmenting about once per month, about half of the news is about the difficulty of the middleman to overcome his financial obligations, him having 2 jobs at once to live his family, finance it's the factor about which the Greeks are most pessimistic about and the TV commercials are mostly for bank loans. The only thing one gathers from this article is 'Greece is advancing and all goes well'. Pictureuploader 13:56, 8 July 2006 (UTC)

man, be my guest ;) you go ahead and fix that, with NPOV in mind, of course, and i'll edit yoru changes. I don't wanna be the first to touch anything Greek-related lately, cuz i get called a whiney bitch, who should stfu, since i'm living in the country ;) but i'll be glad to copy-edit and dos ome minor fixing ;) Project2501a 19:54, 10 July 2006 (UTC)
It's not that simple. Because I live with something, or that I hear it everytime in the news, doesn't mean I can source it or write it in an encyclopedic way. I am invocing anyone into economics to expand this section of the article. Pictureuploader 13:34, 11 July 2006 (UTC)
Yeah, I know, I keep running into the same problem with my other articles, that's why i mentioned the 'whiney bitch' bit ;) . Anyway. How about this: Let's set up a task list with the individual sectors. One thing we could easily insert and cite, would be unemployment, especially amongst young educated people. i bet there's like a bunch of links around the world on that subject. furthermore, we could really talk about how the small factories in Greece are moving across the border in favor of cheaper labor. hmm
Greece may have those problems but keep in mind that the economy is growing at the rate of 4% a year and the govenment issued more reforms at the beggining of 2006 that has helped since.vasman
The everyday and practical problems are equally, if not more, notable for the article, than theoretical numbers. Pictureuploader 10:21, 20 July 2006 (UTC)

you watch too much tv or havent been anywhere else lately... —Preceding unsigned comment added by 62.1.149.199 (talk) 00:08, 16 September 2007 (UTC)

I agree with the guy above. (someone who actually lives abroad) —Preceding unsigned comment added by 79.130.239.173 (talk) 01:16, 17 February 2008 (UTC)

[edit] Greek GDP 2007

Why is this so high? The revised GDP has not been verified by the EU as of yet, it is highly unlikely that it will. This is misleading. Greece has a long way of being on par with Spain's economy. I can't why somebody has the motivation to give a false image of reality in this manner. The real figure of Greece is nothing to be ashamed of! —The preceding unsigned comment was added by 80.126.193.38 (talk) 06:48, 23 April 2007 (UTC).

It is high, because Greece's economy is strong with high rates of development. The per capita income is on par with that of Spain's and far above Portugal for instance. The IMF places it around $27,300 for 2007 while other respected organizations as the Economist place it even higher. Needless to say that the Eurostat has already approved the data since the last GDP per capita that published is around 22,000 Euros aprox the figure of the IMF. So that is the real figure and of course Greece is not ashamed of it!62.1.24.239 21:00, 23 August 2007 (UTC)

There has been a lot of talk about Greek numbers. Eurostat approved only a partial revision of Greek GDP in Oct 2007, while other organizations "accepted" a higher revision (this could change, based on the final Eurostat data published recently). There has been historically a big problem with proper evaluation of Greece's black economy, but one thing we should all try to do, is to avoid "empirical" assessments of economic performance. Skartsis 16:52, 30 October 2007 (UTC)

I am Greek, and I tried to put the correct value for GDP per capita in and it keeps getting changed to a ridiculously high and unrealistic value. There is no way these values are correct. According to article right now (Nov. 5, 2007), Greece has a higher GDP per capita than Germany. Are you kidding me? Come on people, let's correct this article. —Preceding unsigned comment added by 72.229.59.23 (talk) 23:02, 5 November 2007 (UTC)

That is actually the IMF's latest PPP estimate for 2006, which you can find here. ·ΚέκρωΨ· 02:11, 6 November 2007 (UTC)
I have been watching economic data for decades and I have to admit that the current IMF version (which combines a PPP-index revision on top of the "full" originally planned Greek GDP revision - which was not finally approved) may be unrealistic. The same holds for the new IMF estimates for Israel and Cyprus (in all three cases IMF numbers differ significantly to those of other sources). On the other hand, Greece's black economy does create a lot of confusion. When estimating the true buying power of Greeks one should take everything into account (the "state's" wealth is another issue). Based on my experience, the most accurate estimate seems to be the current Eurostat value (released end Oct 07). Skartsis 16:22, 12 November 2007 (UTC)
I havent seen the Oct 07 value you refer to, but based on the April 07 value of Eurostat, Greece had a GDP per capita of 22,100 Euro. Now if you convert that to dollars its approx 33,000 $, in par with what the IMF says. So I dont see any difference between different organizations.77.83.28.16 11:51, 1 December 2007 (UTC)

[edit] Fair use rationale for Image:100.gre.01.jpg

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BetacommandBot (talk) 06:33, 25 February 2008 (UTC)