Greece's service-based economy has been less exposed to the global downturn than elsewhere in Europe, but a positive outlook for 2009 will largely depend on how the tourist industry performs and whether lines of credit will remain available to smaller businesses. Writer Kerin Hope
Western Europe
Latest articles from Greece
Eyes on new Europe for profit
November 3, 2008Greece’s avoidance of complex banking products means it has weathered the downturn better than other European countries. Now it is stealing a march on bigger economies by expanding into its near neighbours. Writer Stephen Timewell.
From minnow to big fish
May 7, 2007Nicholas Nanopoulos, chief executive of Eurobank EFG, talks to Stephen Timewell about his bank’s strategy and expansion in ‘New Europe’.
Exchange builds regional reach
May 7, 2007Bourse operator Hellenic Exchanges has cut trading fees on the Athens exchange and is developing links with other exchanges in the region in its bid for a competitive edge. By Kerin Hope.
Branching out
May 7, 2007With rising demand from the underbanked ‘new’ European states, there are great opportunities for Greek banks intent on expansion.
Open market
May 7, 2007Merger and acquisition activity is heating up in Greece, with surprise takeover bids, religious opposition and major privatisation. investigates.
Bilateral benefits
May 7, 2007The chairman of National Bank of Greece, Takis Arapoglou, discusses the acquisition of Turkey’s Finansbank and developments closer to home.
Banks jostle for position
May 7, 2007Greek bankers are confident that the credit sector will continue to expand as the country catches up with its European partners. Kerin Hope reports on developments in a still underbanked country.
Ahead of the game
May 7, 2007The Greek economy is beating expectations, sweeping away fears of a post-Olympics slowdown. Kerin Hope reports on a boom in the shipping industry, the trend in infrastructure improvements and banks’ survival strategies.
Greek banks stretch out
June 5, 2006Most global players have largely ignored south-east Europe, but Alpha Bank and other Greek banks are showing the potential of cross-border retail banking in the region, says Stephen Timewell.