, NACC, NAM (guest), NATO, NEA,
NSG, OAS (observer), OECD, PCA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WHO,
WIPO, WMO, WTO, ZC
Diplomatic representation:
Ambassador Christos ZACHARAKIS; Chancery at 2221 Massachusetts Avenue NW,
Washington, DC 20008; telephone (202) 939-5800; there are Greek Consulates
General in Atlanta, Boston, Chicago, Los Angeles, New York, and San
Francisco, and a Consulate in New Orleans
US:
Ambassador Michael G. SOTIRHOS; Embassy at 91 Vasilissis Sophias Boulevard,
10160 Athens (mailing address is APO AE 09842; telephone [30] (1) 721-2951
or 721-8401; there is a US Consulate General in Thessaloniki
Flag:
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

:Greece Economy

Overview:
Greece has a mixed capitalistic economy with the basic entrepreneurial
system overlaid in 1981-89 by a socialist government that enlarged the
public sector from 55% of GDP in 1981 to about 70% when Prime Minister
Mitsotakis took office. Tourism continues as a major industry, and
agriculture - although handicapped by geographic limitations and fragmented,
small farms - is self-sufficient except for meat, dairy products, and animal
feedstuffs. The Mitsotakis government inherited several severe economic
problems from the preceding socialist and caretaker administrations, which
had neglected the runaway budget deficit, a ballooning current account
deficit, and accelerating inflation. In early 1991, the government secured a
$2.5 billion assistance package from the EC under the strictest terms yet
imposed on a member country, as the EC finally ran out of patience with
Greece's failure to put its financial affairs in order. Over the next three
years, Athens must bring inflation down to 7%, cut the current account
deficit and central government borrowing as a percentage of GDP, slash
public-sector employment by 10%, curb public-sector pay raises, and broaden
the tax base.
GDP:
purchasing power equivalent - $77.6 billion, per capita $7,730; real growth
rate 1.0% (1991)
Inflation rate (consumer prices):
17.8% (1991)
Unemployment rate:
8.6% (1991)
Budget:
revenues $24.0 billion; expenditures $33.0 billion, including capital