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); according to the Greek Constitution, presidents may only serve two terms; 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
Legislative branch:
unicameral Parliament or Vouli ton Ellinon (300 seats; members are elected by direct popular vote to serve four-year terms) elections: elections last held 16 September 2007 (next to be held by 2011) election results: percent of vote by party - ND 41.8%, PASOK 38.1%, KKE 8.2%, Synaspismos 5%, LAOS 3.8%, other 3.1%; seats by party - ND 152, PASOK 102, KKE 22, Synaspismos 14, LAOS 10
Judicial branch:
Supreme Judicial Court; Special Supreme Tribunal; all judges appointed for life by the president after consultation with a judicial council
Political parties and leaders:
Coalition of the Left and Progress (Synaspismos) [Alekos ALAVANOS];
Communist Party of Greece or KKE [Aleka PAPARIGA]; New Democracy or
ND (conservative) [Konstandinos KARAMANLIS]; Panhellenic Socialist
Movement or PASOK [Yiorgos PAPANDREOU]; Popular Orthodox Rally or
LAOS [Yeoryios KARATZAFERIS]
Political pressure groups and leaders:
Civil Servants Confederation or ADEDY [Spyros PAPASPYROS];
Federation of Greek Industries or SEV [Dimitris DASKALOPOULOS];
General Confederation of Greek Workers or GSEE [Ioannis PANAGOPOULOS]
International organization participation:
Australia Group, BIS, BSEC, CE, CERN, EAPC, EBRD, EIB, EMU, ESA, EU,
FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS,
IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU,
ITUC, MIGA, MINURSO, NAM (guest), NATO, NEA, NSG, OAS (observer),
OECD, OIF, OPCW, OSCE, PCA, Schengen Convention, SECI, UN, UNCTAD,
UNESCO, UNHCR, UNIDO, UNIFIL, UNMIS, UNOMIG, UNWTO, UPU, WCO, WEU,
WFTU, WHO, WIPO, WMO, WTO, ZC
Diplomatic representation in the US:
chief of mission: Ambassador Alexandros P. MALLIAS chancery: 2217 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 939–1300 FAX: [1] (202) 939–1324 consulate(s) general: Boston, Chicago, Los Angeles, New York, San Francisco, Tampa consulate(s): Atlanta, Houston
Diplomatic representation from the US:
chief of mission: Ambassador Daniel V. SPECKHARD embassy: 91 Vasilisis Sophias Avenue, 10160 Athens mailing address: PSC 108, APO AE 09842–0108 telephone: [30] (210) 721–2951 FAX: [30] (210) 645–6282 consulate(s) general: Thessaloniki
Flag description:
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
Economy
Greece
Economy - overview:
Greece has a capitalist economy with the public sector accounting for about 40% of GDP and with per capita GDP at least 75% 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. 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. 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.
GDP (purchasing power parity):
$327.6 billion (2007 est.)
GDP (official exchange rate):
$314.6 billion (2007 est.)
GDP - real growth rate:
4% (2007 est.)
GDP - per capita (PPP):
$30,600 (2007 est.)
GDP - composition by sector:
agriculture: 3.6% industry: 24.5% services: 71.9% (2007 est.)
Labor force:
4.92 million (2007 est.)
Labor force - by occupation:
agriculture: 12% industry: 20% services: 68% (2004 est.)
Unemployment rate:
8.3% (2007 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: 2.5% highest 10%: 26% (2000 est.)
Distribution of family income - Gini index:
33 (2005)
Investment (gross fixed):
25.7% of GDP (2007 est.)
Budget:
revenues: $115.2 billion expenditures: $124.1 billion (2007 est.)
Fiscal year:
calendar year
Public debt:
89.5% of GDP (2007 est.)
Inflation rate (consumer prices):
2.9% (2007 est.)
Central
