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Greece achieved independence from the Ottoman Empire in 1829. During the second half of the 19th century and the first half of the 20th century, it gradually added neighboring islands and territories, most with Greek-speaking populations. In World War II, Greece was first invaded by Italy (1940) and subsequently occupied by Germany (1941-44); fighting endured in a protracted civil war between supporters of the king and Communist rebels. Following the latter's defeat in 1949, Greece joined NATO in 1952. A military dictatorship, which in 1967 suspended many political liberties and forced the king to flee the country, lasted seven years. The 1974 democratic elections and a referendum created a parliamentary republic and abolished the monarchy. In 1981, Greece joined the EC (now the EU); it became the 12th member of the European Economic and Monetary Union in 2001.
strategic location dominating the Aegean Sea and southern approach to Turkish Straits; a peninsular country, possessing an archipelago of about 2,000 islands
chief of state: President Karolos PAPOULIAS (since 12 March 2005)
head of government:
Prime Minister Yeoryios PAPANDREOU (since 6 October 2009)
cabinet:
Cabinet appointed by the president on the recommendation of the prime minister
elections:
president elected by parliament for a five-year term (eligible for a second term); election last held 8 February 2005 (next to be held by February 2010); president appoints leader of the party securing plurality of vote in election to become prime minister and form a government
election results:
Karolos PAPOULIAS elected president; number of parliamentary votes, 279 out of 300
Coalition of the Radical Left or SYRIZA [Alekos ALAVANOS]; Communist Party (Marxist-Leninist) [Gr. KONSTANTOPOULOS]; Communist Party of Greece or KKE [Aleka PAPARIGA]; Democratic Revival [Stelios PAPATHEMELIS]; Democratic Universal Hellas [Stergio KRIKELISI]; Ecologist Greens [Ioanna KONTOULI]; Fighting Socialist Party [Nikos KARGOPOULOS]; Greek Ecologists [Dimosthenis VERGIS]; Liberal Alliance [Foris PERIKOS]; Liberal Party [Manolis KALIGIANNIS]; Light-Truth-Justice [Konstantinos MELISSOURGOS]; New Democracy or ND [Konstandinos KARAMANLIS]; Organization for the Reconstruction of the Communist Party of Greece [Ilias ZAFIROPOULOS]; Panhellenic Socialist Movement or PASOK [Yiorgos PAPANDREOU]; Popular Orthodox Rally or LAOS [Yeoryios KARATZAFERIS]; Radical Left Front [D. DESILLAS]; Regional Urban Development [Nikolaos KOLITIS]; Salvation Party Christian Democracy [Alkiviadis STOILIS]; Union of Centrists [Vassilis LEVENTIS]; United Anti-Capitalist Left [Konstantinos PAPDAKIS]
Civil Servants Confederation or ADEDY [Spyros PAPASPYROS]; Federation of Greek Industries or SEV [Dimitris DASKALOPOULOS]; General Confederation of Greek Workers or GSEE [Ioannis PANAGOPOULOS]
nine equal horizontal stripes of blue alternating with white; there is a blue square in the upper hoist-side corner bearing a white cross; the cross symbolizes Greek Orthodoxy, the established religion of the country
Greece has a capitalist economy with the public sector accounting for about 40% of GDP and with per capita GDP about two-thirds that of the leading euro-zone economies. Tourism provides 15% of GDP. Immigrants make up nearly one-fifth of the work force, mainly in agricultural and unskilled jobs. Greece is a major beneficiary of EU aid, equal to about 3.3% of annual GDP. The Greek economy grew by nearly 4.0% per year between 2003 and 2007, due partly to infrastructural spending related to the 2004 Athens Olympic Games, and in part to an increased availability of credit, which has sustained record levels of consumer spending. But growth dropped to 2.9% in 2008, as a result of the world financial crisis and tightening credit conditions. Greece violated the EU's Growth and Stability Pact budget deficit criteria of no more than 3% of GDP from 2001 to 2006, but finally met that criteria in 2007-08. Public debt, inflation, and unemployment are above the euro-zone average, but are falling. The Greek Government continues to grapple with cutting government spending, reducing the size of the public sector, and reforming the labor and pension systems, in the face of often vocal opposition from the country's powerful labor unions and the general public. The economy remains an important domestic political issue in Greece and, while the ruling New Democracy government has had some success in improving economic growth and reducing the budget deficit, Athens faces long-term challenges in its effort to continue its economic reforms, especially social security reform and privatization.
note:see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 16 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money and quasi money circulating within their own borders
general assessment: adequate, modern networks reach all areas; good mobile telephone and international service
domestic:
microwave radio relay trunk system; extensive open-wire connections; submarine cable to offshore islands
international:
country code - 30; landing point for the SEA-ME-WE-3 optical telecommunications submarine cable that provides links to Europe, Middle East, and Asia; a number of smaller submarine cables provide connectivity to various parts of Europe, the Middle East, and Cyprus; tropospheric scatter; satellite earth stations - 4 (2 Intelsat - 1 Atlantic Ocean and 1 Indian Ocean, 1 Eutelsat, and 1 Inmarsat - Indian Ocean region)
by type:
bulk carrier 260, cargo 66, carrier 1, chemical tanker 66, combination ore/oil 2, container 45, liquefied gas 10, passenger 13, passenger/cargo 115, petroleum tanker 274, roll on/roll off 15, specialized tanker 2
foreign-owned:
64 (Belgium 16, Cyprus 7, Turkey 1, UK 32, US 8)
registered in other countries:
2,357 (Antigua and Barbuda 3, Bahamas 209, Barbados 12, Belize 1, Bermuda 9, Brazil 1, Cambodia 3, Cayman Islands 16, China 2, Comoros 6, Cyprus 259, Denmark 4, Dominica 10, Egypt 8, Georgia 5, Gibraltar 6, Honduras 4, Hong Kong 22, Isle of Man 50, Italy 6, Jamaica 6, North Korea 1, Lebanon 2, Liberia 358, Maldives 1, Malta 452, Marshall Islands 269, Norway 3, Panama 510, Philippines 4, Portugal 4, Russia 1, Saint Kitts and Nevis 3, Saint Vincent and the Grenadines 71, Sao Tome and Principe 1, Saudi Arabia 3, Sierra Leone 1, Singapore 15, Slovakia 2, Turkey 1, UAE 3, Uruguay 1, Vanuatu 1, Venezuela 3, unknown 5) (2008)
19-45 years of age for compulsory military service; during wartime the law allows for recruitment beginning January of the year of inductee's 18th birthday, thus including 17 year olds; 17 years of age for volunteers; conscript service obligation - 1 year for all services; women are eligible for voluntary military service (2008)
Greece and Turkey continue discussions to resolve their complex maritime, air, territorial, and boundary disputes in the Aegean Sea; Cyprus question with Turkey; Greece rejects the use of the name Macedonia or Republic of Macedonia; the mass migration of unemployed Albanians still remains a problem for developed countries, chiefly Greece and Italy
a gateway to Europe for traffickers smuggling cannabis and heroin from the Middle East and Southwest Asia to the West and precursor chemicals to the East; some South American cocaine transits or is consumed in Greece; money laundering related to drug trafficking and organized crime
The online Factbook is updated bi-weekly. ISSN 1553-8133
For additional information on government leaders in selected foreign countries, go to World Leaders.
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