In order to respond and adjust to the fast changing global environment, the Greek economy, integrated into a globalised economy and exposed as it is to international competition, must first of all consolidate its position by effectively addressing its own problems.
The country that fails to keep up with European developments and lags behind will be the one hardest hit, in case the global environment takes a turn for the worse. Recent macroeconomic developments Between 2008 and the end of 2013, the Greek economy lost a cumulative 26% of its Gross Domestic Product (GDP).