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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...
3.7 per cent to 15.6 per cent of GDP, and the public debt from 99.6 per cent to 129.4 per cent of GDP. Coming when the European economy was still smarting from the impact of the 2007 international financial crisis and coinciding with sluggish growth worldwide, the news revived speculation about the future of the euro zone and shattered the credibility of Greeceâs claim to remain part of it. Immediately, the cost of borrowing began to climb