1) If you are a consultant for a business looking to expand in Europe, is Greece even an option?2) Do the facts that its population is comprised largely of government workers, that the citizens were largely in favor of defaulting on its national debt, and that the country nearly left the European Union constitute a deal breaker?3) If the government does, in fact, implement the agreed-upon austerity measures, would that be a sign that the country is on the right track?4) What other concerns would you have about entering the Greek market?

Question

Jasper Norton

Business

29 May, 08:49

1) If you are a consultant for a business looking to expand in Europe, is Greece even an option?2) Do the facts that its population is comprised largely of government workers, that the citizens were largely in favor of defaulting on its national debt, and that the country nearly left the European Union constitute a deal breaker?3) If the government does, in fact, implement the agreed-upon austerity measures, would that be a sign that the country is on the right track?4) What other concerns would you have about entering the Greek market?

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Answers (2)

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Miracle Mosley · Answer 1

1. I will not consider Greece for now

2. It is a factor as it shows the general public character as to repayment of debts and keeping to contractual obligations which is the soul of business.

3. If the government implements the austerity measures it signifies that the country is on path of fiscal discipline which is needed to bring down their debt levels.

Explanation:

The debt to GDP ratio is about 180% which is bad for a country with no significant natural resource and poor private sector led economy. Though the economy appears to be growing marginally; it is still a fragile economy. Investors will rather adopt a "hold policy" pending when more positive economic indicators are sustained.

Alicia Gentry · Answer 2

Answer:1) Yes

2) No, not enough

3) improved economy

Stronger currency

Reduced National debt

Improve index of living

4) political stability

Raw materials

Market for products

Laws of the country

Tax regime

Explanation:Greece is a wonderful nation in Europ and is known for it's tourism attraction, with his fairly dense population, it will provide market for a new product with novel usefulness. businesses like hotels and other hospitality business will thrive here.

2) The plan EU exit is not a threat since it has been called off, being government workers is not a challenge especially if the goods and services intended is essential. the issue of defaulting on national debt will not affect private businesses as the company will rejig it's credit system such that credit purchases will be minimal, but a survey of the needs of the Greeks and their perception of the product intended to sell will give a good idea of whether the business will their. once the taste of the people are met, there is bound to be sales and once services or goods are essential e. g commucation, food etcindustry the is bound to be high patronage.

3) thepositive effect of the goverment policon austerity will be seen in improved index of living, relative stronger currency etc

4) other factors to be considered before opening a branch in Greece includes, the level of political stability in the country, availability of raw materials for production, Highly skilled Greek labor, friendly tax regime or laws, money repatriation laws which allow parents company to get share if profits easily.

Fair share of markets for products.

Language barrier is also a very important consideration while a good knowledge of the country law system is key to sitting a company in Greece, so as not to run foul of the country laws.