Faster, higher, stronger?
13 September 2012
After a bumpy few years, Greece is finally seeing growth in its economy and feeling the benefit of being host of the 2004 Olympics. But after the Games - who knows?
Not long ago, Greece was struggling with huge budget deficits, ten per cent inflation and high debt as it tried to meet EU monetary union requirements. Now it is predicting 3.8 per cent growth for 2003-04 and is one of Europe’s most upwardly mobile economies.
Prime Minister Costas Simitis’ EU presidency was overshadowed by diplomatic turmoil over the war in Iraq...