1. Greece

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  1. About Greece

    Greece (Ελλάδα, Elláda, ɛˈlaða, or Ελλάς, Ellás, [ɛˈlas]), officially the Hellenic Republic [Ελληνική Δημοκρατία (ɛliniˈkʲi ðimokraˈtia)], is a country in southeastern Europe, situated on the southern end of the Balkan Peninsula. It has borders with Albania, the former Yugoslav Republic of Macedonia and Bulgaria to the north, and Turkey to the east. The Aegean Sea lies to the east and south of mainland Greece, while the Ionian Sea lies to the west. Both parts of the Eastern Mediterranean basin feature a vast number of islands.

    Greece lies at the juncture of Europe, Asia and Africa. It is heir to the heritages of ancient Greece, the Roman and Byzantine Empires, and nearly four centuries of Ottoman rule. Greece is regarded as the birthplace of democracy, Western philosophy, the Olympic Games, Western literature and historiography, political science, major scientific and mathematic principles, and Western drama including both tragedy and comedy.

    Greece is a developed country, a member of the European Union since 1981, a member of the Economic and Monetary Union of the European Union since 2001, NATO since 1952, the OECD since 1961, the WEU since 1995 and ESA since 2005. Athens is the capital; Thessaloniki, Patras, Heraklion, Volos, Ioannina and Larissa are some of the country's other major cities.

  2. Quotes about Greece

    1. Bond yields rose over the past two weeks in part due to an improving assessment of the state of the economy by the Federal Reserve, better than expected results of commercial bank stress tests and the likelihood of a second bailout for Greece.
      In Mortgages: Rates on 30-year mortgage leap above 4%
    2. Europe's approaching recession first took hold in Spain, Portugal and Greece, and the economic woes are now spilling over into the eurozone's core of France and Germany.
      In Stocks: Investors take a breather
    3. Greece is the single largest determinant with what's going on with regard to sentiment.
      In Stocks edge lower amid Greece jitters
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