(!) Greece’s battle for economic freedom and high sustainable growth has just begun (!)

The time for the reinvigoration of the ideals of economic freedom and democratic process has come in the country that invented them.

<|> Greece 2015 = Economic Freedom and Sustainable Growth OR Eternal Death <|>  

(!) Seize the opportunity & invest in the future by investing in the Greek market (!) ~| GR: A source of countless investment opportunities (RES/Energy Sector, Capital Markets,Tourism, Shipping, Real Estate etc.) |~

|| Greece’s GDP annual growth rate (y-o-y) || [Reference year:2010 -|- Seasonally and calendar adjusted figures by EL.STAT.]

2006 –> +5.73%

2007 –> +3.38%


2008 –> -0.43%
2009 –> -4.35%
2010 –> -5.33%
2011 –> -8.85%
2012 –> -6.60%
2013 –> -3.98%


2014 –> +0.80%

Updated Forecasts by European Commission:

2015 –>≈ +1.5-2.0%

For further info here: http://www.statistics.gr/portal/page/portal/ESYE/BUCKET/A0704/PressReleases/A0704_SEL84_DT_QQ_04_2014_01_P_EN.pdf

~| Θαρσεῖν χρή, τάχ’ αὔριον ἔσσετ᾽ ἄμεινον   (GR)|~  


(Courage is necessary, maybe tomorrow everything will be better)

Therefore, the main rhetorical question remains: Are you ready for a new Greek Economic Miracle from 2015 onwards?

(!) GR for GRowth, GRecovery and a total turnaround story (!) -|- (!) Greece must stop to be the eurozone’s debt-colony & austerity must end (!) -|- Are you ready for a new Greek Economic Miracle from 2015 onwards?

After six (6) years of economic and social Armageddon (2008-2013), 2014 was a year of slightly positive GDP growth rate and 2015, at last, can be a time of absolute recovery and strong economic growth. I strongly believe that Greek economy will grow by around 1.5-2.0% and deflation will end within 2015. Furthermore, Greece’s GDP growth rate will reach 2.5% or more in 2016 and 2017 according to the overwhelming majority of international banking organizations, IMF, European Commission and other official sources. Therefore, Greek real market as well as Greece’s stock market (Athens Stock Exchange-ASE) will be very attractive investment choices for investors from all over the world.

(!) Invest in the future by investing in one of the most fast-growing economies in the EU and the only emerging stock market (ASE) in eurozone (!)

~| GR 2015 = Strong Economic Growth and Total Turnaround Story OR Death |~

Thus, are you ready for a new Greek Economic Miracle from 2015 onwards? B6QmygfIUAA1Jpm

(!) Greek society (and real market) MUST stop to be the eurozone’s debt-colony and extreme austerity MUST end within 2015 (!)

(!) We will keep on dreaming of a brighter future for Greece no matter what (!)

Everyone MUST take into strong consideration that Greece is not only history. Greece is not only a beautiful place. Modern Greece is also a promising place to invest, providing substantial opportunities, characteristic of an emerging new market!

The economic dynamics of Greece is the product of a large variety of factors, some of the most important being the gradual restoration of its international competitiveness, the high-skilled workforce, its proximity to European, Asian and Arabic markets and the significant natural resources available here.

(!) Seize the opportunity & invest in the future by investing in the Greek market (!)

The main purpose of the said video is to promote Greece to people and investors from all over the world.

~|| The following video is  specially dedicated to GREECE ||~

(!) We will keep on dreaming of a brighter future for Greece no matter what (!)

~| Hellenic Supreme Idea — The Great Idea of Modern Greece |~

Greece is not only history. Modern Greece also has a promising future!
(!) Invest in the future by investing in the Greek market (!)

~| Θαρσεῖν χρή, τάχ’ αὔριον ἔσσετ᾽ ἄμεινον (GR)|~


(Courage is necessary, maybe tomorrow everything will be better)

~| Views from Athens Metropolitan Area |~

(economic, financial and industrial centre of Modern Greece)

View No1: Central Downtown of Athens                View No2: Financial District of Athens


View No3: Kifisias Avenue Financial Centre            View No4: Piraeus (Port of Athens)


~|Satellite View of Athens Metropolitan Area |~


Athens Greater Metropolitan Area: From Eleusis to International Airport ‘El.Venizelos’ & from Saint Stefanos to Piraeus. A modern Megacity of 3,7 million inhabitants [more than 95% of the total population of Attica Region which stands at 3,827,624 –>35,4% of the total Greece’s population of 10,816,286 (Census 2011 Official Final Results)].
{Wider Athens (coastal) urban zone from Corinth to Lavrion: ≈ 4 million inh.}

S.O.S. ~| Unprecedented Decision-Milestone |~ (!) According to MSCI, Greece became the first developed nation to cut to emerging markets (!)

According to MSCI Inc. official conclusion and its related announcement, Greece became the first developed nation and market to cut to emerging market after the country’s stocks plunged 91 percent since 2007. Therefore, from now on Greece and Greek market (Athens Stock Exchange-ASE) will be one of the emerging markets of MSCI Emerging Markets (EM) Index, instead of one of the developed markets of MSCI Developed Markets (DM) Index, as it failed to meet criteria regarding securities borrowing and lending facilities, short selling and transferability. Particularly, MSCI DM Index currently (from June 2013 onwards till the next classification of MSCI on June 2014) consists of 23 countries, the following (classified by wider regions in the world):

Americas: United States of America and Canada.

Europe, and Middle East: Germany, France, United Kingdom, Italy, Spain, The Netherlands, Belgium, Switzerland, Sweden, Norway, Denmark, Austria, Finland, Ireland, Portugal and Israel.

Asia and Oceania: Japan, Australia, Hong Kong, Singapore and New Zealand.

Furthermore, MSCI Emerging Markets (EM) Index currently (from June 2013 onwards) covers 21 countries, the following:

Americas: Brazil, Mexico, Colombia, Peru and Chile.

Europe, Middle East and Africa: Russia, Poland, Greece, Czech Republic, Hungary, Turkey, Egypt and South Africa.

Asia: China, India, Indonesia, South Korea, Taiwan, Malaysia, Thailand and Philippines.

Finally, MSCI Frontier Markets (FM) Index currently (from June 2013 onwards) covers 34 countries, the following:

Americas: Argentina, Jamaica and Trinidad & Tobacco.

Europe and CIS: Ukraine, Romania, Serbia, Bulgaria, Croatia, Slovenia, Bosnia Herzegovina, Lithuania, Estonia and Kazakhstan.

Africa: Nigeria, Morocco, Tunisia, Kenya, Ghana, Zimbabwe, Botswana and Mauritius.

Middle East: Saudi Arabia, Jordan, Lebanon, Oman, Kuwait, Bahrain, Qatar, United Arab Emirates and Palestine.

Asia: Pakistan, Bangladesh, Vietnam and  Sri Lanka.


It is worth taking into account that Greece as a no longer developed country does not have the general characteristics of a developed even an emerging country, although it is officially now categorized as an emerging country of MSCI EM Index. Especially, on the one hand the overwhelming majority of the corresponding emerging countries of MSCI EM Index have high GDP growth rates and significant perspectives for further growth in the future. On the other hand, Greece’s GDP continues to contract and within the last 6 consecutive years has absolutely collapsed (total decrease of more than 25% by the end of 2013, while there are several internationally recognized organizations, institutions and bodies that predict 2014 will be the 7th consecutive year of Greek GDP’s shrinkage).

Greek Market [Key Facts]

Market Size (Population 2011): 10,8 million (Source: Official Census Results by ELSTAT).

Nominal GDP (2012): ≈$249 billion (Source: IMF)

Market Capitalization (ASE): ≈$85 billion (end of May 2013)

ASE Cap/GDP: ≈ 34%

Apart from the above, it is significant to mention that the average percentage Capital Market Capitalization/GDP in the European markets fluctuates between 65% and 70%.

Furthermore, the imploding Greek economy that is characterized by a very small and unstable capital market (ASE capitalization), an unprecedented and deep recession, an uncontrolled unemployment rate and a collapsing demographic potential; has more differences than similarities with various emerging countries like Brazil, Russian Federation, India, China, South Africa (BRICS), Turkey or Egypt that are countries with a strong GDP growth and demographic potential. In a nutshell, Greek economy and Greek demographic potential have been totally destroyed as a result of the really tough austerity measures. It is commonly conceivable that the future progress of the Greek real economy as well as the Greek capital market will be very difficult and undoubtedly unpredictable…



The following tables depict the classification of countries globally at the corresponding MSCI Index in Developed, Emerging and Frontier Markets before the last MSCI evaluation this June (i.e. the classification from June 2013 onwards). Officially, as of November 2013, Greece will be classified in Emerging Markets from Developed Markets.

Devoloped Markets                                           Emerging Markets


Frontier Markets


Note: MSCI regularly reviews (from 1987) the market classification of all countries included (or under consideration for inclusion) in its global equity universe based on extensive discussions with the investment community (as a total 78 countries). Using the MSCI Market Classification Framework, MSCI examines each country’s economic development, size, liquidity and market accessibility in order to be classified in a given investment universe. Each June every year, MSCI communicates its conclusions on the list of countries under review and announces the new list of countries, if any, under review for potential market reclassification in the upcoming cycle.


Written by Christos Ghikas

~|Greece’s Economic Slump|~ (A personal independent opinion)

In our debt-choked and totally (economically, socially and demographically) imploding mother country; the competent politicians have to focus on the real economy instead of only the fiscal-accounting and monetary indices. In other words, it is not worth taking into account the fiscal indices of an economy if its market and the real population have absolutely collapsed.

In my humble opinion, the case of Latvia which achieved a remarkable degree of fiscal consolidation (after a really tough austerity program) without taking into consideration the unprecedented demographic catastrophe in the general population which dropped by 12% within just 10 years (from 2.35 mil. in 2001 to 2.07 mil. in 2011, a real national disaster!) should strongly be an example to avoid for Greece and its 10.8-million population.

Besides, it is almost impossible for a market without a strong demographic potential to get a significant, healthy and mainly sustainable growth.


[(Nominal GDP growth rate at constant prices 2005_(official data)]:

2006 –> +5.53%
2007 –> +3.63%

2008 –> -0.20%
2009 –> -3.18%
2010 –> -4.85%
2011 –> -7.15%
2012 –> -6.38%
2013 –>    ???   (6th consecutive year of recession)
{Absolute-Unprecedented National Disaster}

Updated Forecasts by European Commission (published on May, 2013)
2013 –>≈ -4.20%

2014 –>≈ +0.60% 

Postscript: “When I die, do not come near my body, because my hands may not be able to wipe your tears anymore”.   (!) I’ll just keep on loving you no matter what happens… Even after death (!)


Official Resident Population of Greece: 10,815,197 (Final 2011 Census Results)

“The Official Resident Population of Greece stands at 10,815,197 according to the Final Results of last year’s Population and Housing Census (May 2011), announced by the Hellenic Statistical Authority yesterday (December 28, 2012). Unfortunately, the UNBELIEVABLE and UNPRECEDENTED Demographic Collapse was officially confirmed”.

Resident population 2011 (+immigrants): 10,815,197.
Resident population 2001 (+immigrants): 10,934,097.

Increase rate: -1,0874%

You can find the detailed results of the Resident Population to the level of Municipality and for every administrative division of the country down to the level of “oikismos” (read the related link-Excel file) at the following address:


Particularly, there is all the official information about the resident population as it was announced by the Hellenic Statistical Authority at the levels of Region, Regional Unit, Municipality, Municipal Unit, Local Unit and housing estate.

It is important to mention that the Resident Population of Greece is considered as the official population of the country and according to that number (10,815,197) will be calculated all the related macroeconomic and social indices, data and statistical information (electricity, energy demands etc.).

UNBELIEVABLE demographic collapse in Greece!

Mr. Christos Ghikas points out the following: “UNBELIEVABLE demographic collapse in Greece! Greece’s official and legal population stands at 9,903,268 according to the results of last year’s census (May 2011), made public by the Hellenic Statistical Authority (ELSTAT) yesterday, (July 31, 2012)”.

Legal (and official) population 2011: 9,903,268
Resident population 2011 (+immigrants): 10,787,690

Legal population 2001: 10,206,539
Resident population 2001 (+immigrants): 10,934,097

MUST READ (!) the following article! -Written by Christos Ghikas (owner & creator of this blog)

It is important to inform you that the hereby article is written in Greek language. [ EXPRESS -> Greek Daily Financial Newspaper] Please Click the following link, Download and Open in order to Read the interesting article (published on Sunday September 4, 2011 by Christos Ghikas/Χρήστος Γκίκας)

Unbelievable and unexpected demographic collapse in Greece!

According to the provisional results of the 2011 Population and Housing Census, Greece’s population is only 10,787,690 residents of whom 5,303,690 men (49.2%) and 5,484,000 women (50.8%) Therefore Greece’s resident population decreased by 1.46% in comparison to the population which had been enumerated in the previous census 2001 (when total number of enumerated residents was about 10,934,097). Main reasons for that dempographic colapse are the unprecented and unexpected fiscal, economic and financial crisis as well as the impacts of the austerity measures which lead to a serious wave of external immigration (negative immigration rate). Greek government must contribute as soon as possible in order to prevent the negative influences of the financial crisis to the demographic situation of the country which is the worst by far in its modern history!


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