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Greece has a capitalist economy with the public accounting for around 40 percent of the gross domestic product, or GDP. The majority of Greece's economy centers around the service sector, which... Greece has a capitalist economy with the public accounting for around 40 percent of the gross domestic product, or GDP. The majority of Greece's economy centers around the service sector, which...
The eyes of the financial world are on the high drama playing out in Greece right now, and for good reason. Greeceâs attempts to renegotiate its debt will redefine how the member nations of the worldâs largest economyâthe European Unionâinteract for years to come. But at the end of the day, even if Greece is forced out of the euro, the wider effects will likely be manageable.