Greece: light at the end of the tunnel?
Article Abstract:
The national elections in June could signal a recovery for the Greek economy and business interests, but no one is sure. The current socialist government under Andreas Papandreou will probably be voted out in June because of financial scandals and increased terrorism, but no one party has enough power to take over. The business community is behind the New Democracy party which is the second largest with 111 of the 300 parliamentary seats. The New Democracy party seems the likely winner but a new law requiring them to get between 51% and 55% of the popular vote will make it almost impossible for them to win. If the New Democracy party does not win, business will suffer because either the parliament will be dissolved and elections held again in the fall, or the communist coalition could end up with a balance of power.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1989
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Ireland: back from the brink
Article Abstract:
Ireland has been a member of the European Community (EC) for 16 years, but currently its gross domestic product is only 62.4% of the EC norm, the country is struggling with a small, isolated market, and there is an unemployment rate of 17%. However, Ireland is an enthusiastic member of the EC and supports economic and political integration. The country hopes that the income leveling aspects of a single European market will benefit its economy. Ireland has one of the freest and most open economies in the EC, and in preparation for the single market in 1992, the country is actively encouraging foreign investment by offering generous tax incentives.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1990
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The exodus of the elite
Article Abstract:
The Irish and Greek economies are among those being hit hardest in Europe by a 'brain drain' of bright, educated, talented young people. Greek and Irish policymakers face the prospect of losing those who are best equipped to help them through their current economic difficulties. Similar concerns are also expressed for Portugal and Spain. The young emigres are said to be motivated by promising job opportunities abroad, and the chance to escape from cultures that have traditionally discouraged initiative. Both Greece and Ireland have a long history of emigration.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
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