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September 2012 - Corporate & Commercial. Legal Developments by Drakopoulos Law Firm.

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GDP is expected to shrink 6.7% in 2012 and there is little sign of any improvement. The succession of fiscal austerity measures have plunged the economy into a deep recession, and consequently are extremely unpopular. The outcome of the general elections in Greece has not only left the country in political turmoil, it has also illustrated a massive rejection of the countries austerity measures and has made Greece’s future in the Euro Zone incredibly unclear.

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