Go Greece

paco asked:


Hye i need to knwo is Greece is a Monarchy, Constitutional Monarchy, Republic, etc..and if it is a Capitalist, Communist, or Socialist economic system….please adn thank you.

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Komentarze (3) do “What kind og goverment and economic system does Greece have?”

1. Bearwithme Says:
   24 marca 2009 o 13:45

   Greece is a parliamentary republic. The head of state is the President of the Republic, who is elected by the Parliament for a five-year term. The current Constitution was drawn up and adopted by the Fifth Revisionary Parliament of the Hellenes and entered into force in 1975 after the fall of the military junta of 1967–1974. It has been revised twice since, in 1986 and in 2001.

   The Constitution, which consists of 120 articles, provides for a separation of powers into executive, legislative, and judicial branches, and grants extensive specific guarantees (further reinforced in 2001) of civil liberties and social rights.

   Legislative power is exercised by a 300-member elective unicameral Parliament. Parliamentary elections are held every four years.

   Economically:

   In 2001, Greece joined the Economic and Monetary Union. Annual growth of Greek Gross Domestic Production (GDP) has surpassed the respective levels of most of its EU partners. Today, the service industry makes up the largest, most vital and fastest-growing sector of the Greek economy, followed by industry and agriculture. The tourism industry is a major source of foreign exchange earnings and revenue accounting for 15% of Greece’s total GDP and employing ,directly or indirectly, 16.5% of the total workforce.

   Greece is a leading investor in all of her Balkan neighbors with the National Bank of Greece in 2006 acquiring the 46% of Turkish Finansbank and 99.44% of Serbia’s Vojvođanska Bank.

   The manufacturing sector accounts for about 13% of GDP with the food industry leading in growth, profit and export potential. The public sector accounts for about 40% of GDP, with the government however taking measures to decrease it further. High-technology equipment production, especially for telecommunications, is also a fast-growing sector.

2. borris the bat Says:
   27 marca 2009 o 6:46

   Constitutional fascism. Like the rest of europe. Only with a twist of corruption

3. winyveko Says:
   15 stycznia 2010 o 15:09

   winyveko…

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