[!] The Hellenic Republic (Economy & Real Market) is destined to live (and will live!), survive and thrive [!]

[!] The Hellenic Republic (Economy & Real Market) is destined to live (and will live!), survive and thrive [!]
[!] Η Ελληνική Δημοκρατία (Οικονομία & Πραγματική Αγορά) προώρισθαι να ζήσει (και θα ζήσει!), να επιβιώσει και να μεγαλουργήσει [!] {GR}

“The darkest hour is just before the dawn…”
“Το πιο βαθύ σκοτάδι είναι λίγο πριν ξημερώσει…” (GR)

~| Θαρσεῖν χρή, τάχ’ αὔριον ἔσσετ᾽ ἄμεινον (GR)|~
(Courage is necessary, maybe tomorrow everything will be better)

(!) Eλληνική Δημοκρατία = Ελευθερία ή Θάνατος (!) [GR]
(!) Greece = Freedom or Death (!) 
(!) Griechenland = Freiheit oder Tod (!) [DE]

Hymn to Liberty (National Anthem of Greece)


[!] 11.65 mil. Greeks (10.8 mil. in Metropolitan Greece & 0.85 mil. in Cyprus) and about 5 mil. Greeks worldwide brim with national pride, togetherness and unity, as country totters on the edge [!]
[!] 11,65 εκατ. Έλληνες (10,8 εκατ. της Μητροπολιτικής Ελλάδος και 0,85 εκατ. της Κύπρου) και περίπου 5 εκατ. Έλληνες παγκοσμίως ακτινοβολούν εθνική υπερηφάνεια, ομοψυχία και ενότητα καθώς η χώρα οδεύει στα άκρα [!] (GR)

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


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, the high growing (Renewable Energy Sources) RES market, the internationally competitive Greek tourism product, the huge Greek Merchant Navy (that controls 16.2% of the world’s total merchant fleet) and the significant natural resources available here.


|| Greece’s Key Facts ||

Market Size (Population): 10.8 mil. (2011 official census)

GDP (current prices, 2015): $207.1 bil. (≈185 bil. euros)

Nominal GDP per capita (2015): ≈$19,000


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

~| Investors and funds from all over the world bet Greece will survive and thrive |~

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

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

With a GDP of more than $207 bil. i.e. ≈€185 bil. (in current prices, 2015), a population of about 10.8 mil. (2011), a second Greek state (Cyprus) with an extra GDP of about $22 bil. (& a population of 0.86 mil.) as well as more than 5 mil. Greek expatriates around the world (more than 1 mil. in countries of the EU like the UK, Germany and France), Greece is still too big to fail and attractive for new investments in key economic sectors.

Created with GIMP

~|GREECE can create the conditions of a strong economic growth through its dynamic tourism industry|~

~| The Greek Tourism Product |~


With more than 16,000 kilometers of coastline, more than 6,000 islands and islets (of which 227 are inhabited), and a well-established tourism industry, Greece presents a prime investment opportunity in the Tourism sector. The country is one of the top global tourist destinations for sun and beach holidays, and also provides very attractive propositions for year-round themed holidays. The competitive advantages of Greece, such as rich cultural heritage, unique natural beauty and geographical variety, have been attracting remarkable tourism investments in recent years, thus further strengthening Greece’s image as an ideal destination both for holidays and tourism-related investments.

Greece attracts more than 22.5 million people each year (the number of international arrivals in 2014 according to the official estimates of the Bank of Greece), contributing about 18% to the nation’s GDP. 

More analytically, tourism directly contributed 17 billion euros in GDP for Greece in 2014, or some 9% of Greece’s total GDP, according to a study released by SETE Intelligence the research department of the Greek Tourism Federation. The study highlighted that its direct and indirect contribution to the economy stands at 20-25% of Greece’s GDP.


~| Greece’s Key Facts |~

Population: 10.8 mil. (2011 official census)

GDP (current prices, 2015): $207.1 bil. (≈186 bil. euros)

Tourism product direct contribution (2014): 17 bil. euros


Even during the recent crisis, the tourist industry in Greece has been one of the mainstays of economic growth and employment, with a continued growth in tourist arrivals and revenues driven mainly by:
• the determined efforts of the Greek tourist authorities and associations to upgrade the tourist product offering
• the development of new key emerging markets such as China, Russia, Turkey and Israel.

The upgrading of the Greek tourism product is considered to be one of the most strategic avenues for a strong, dynamic and sustainable economic growth.

(!) Invest in the future by investing in the Greek tourism sector (!)


-| GREECE |-

(!) A Place Really Worth Visiting (!)

(!) MUST WATCH (!) 


-|New Updated and Official Data for Greece’s GDP (Seasonally and calendar adjusted figures)|-

According to the official (final) and seasonally-calendar adjusted figures of the Hellenic Statistical Authority (ELSTAT) announced on May 29, 2015 in the 1st quarter of 2015 the Gross Domestic Product of Greece (GDP) increased by 0.4% in comparison with the 1st quarter of 2014 (y-o-y). Therefore, despite the Greek economy and real market experienced – and continues to experience – very serious liquidity problems, GDP growth rate on annual basis remained positive during the said period (January-March, 2015) even though very low. In other words, Greece’s GDP growth rate in annual basis for the 1st quarter of 2015 decreased in comparison to the previous one (4th quarter of 2014) from +1.30% to +0.40% but Greece did not slip back into recession.

Note: GDP is calculated at constant prices (2010)

-|| Greece’s GDP annual growth rate (y-o-y) ||-

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%

Q1-2015 -> +0.40% (οn annual basis) [Last figures published on May 29, 2015]

For further info here:


Coservative party poster

(!) Greece will be the fastest growing economy in Europe in 2016 according to the latest World Economic Outlook released by the IMF [April 2015] (!)

According to the latest version of the World Economic Outlook (WEO) elaborated by the International Monetary Fund (IMF) and published on April 14, 2015, Greece’s GDP growth rate will reach +2.5% in 2015 and +3.7% in 2016. In other words, during 2016 Greece will be the fastest growing economy in Europe (see the related table below) and one of the most fast-growing economies around the world (after India, China and some emerging-developing and undeveloped countries of Central and SE Asia, Africa and Latin America)!

New Updated Forecasts by the IMF


Find and read the full (230-page) report of the World Economic Outlook (by the IMF) here:


Note: It is worth mentioning that according to a related report of the Hellenic Ministry of Finance (Greek Reforms in the context of the 20.02.2015 Eurogroup Agreement) the GDP growth rate will reach +1.4% in 2015 and +2.9% in 2016. Read the corresponding 26-page report here: http://s.kathimerini.gr/resources/article-files/h-lista-twn-ellhnikwn-metarry8misewn.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 2016 onwards?

| The past is behind us |
| The future is coming on |
(!!) A strong GRecovery is ahead (!!)



(!) Invest in the future by investing in the Greek market (!)

World GDP Ranking 2015 | Data and Charts  –> http://knoema.com/nwnfkne/world-gdp-ranking-2015-data-and-charts 

(!) 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 (Hellenic Ministry of Finance):

2015 –>+1.4%

2016 –>+2.9%

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

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 (!)

~| 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 (!)



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