Another day and another protest in Greece, this one about a bank closure (photo:dpa)

The future of Europe – Greece’s view

Greece entered the European club out of political conviction after years of military dictatorship. When it joined the eurozone it was again a political calculation which was not supported by its economic development. But even after years of austerity and enormous public debt Greece still believes in the European dream and its place in the European Union.

THREE years of relentless austerity have failed to undermine the support of Greek citizens for the European dream.

The majority still believe that the future of Greece lies in the European Union and the eurozone, despite severe cuts in pensions and salaries, a crumbling health service and demonstrations on the streets.

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 Costas Iordanidis
The break in the growth of GDP was caused by the reduction in protection for Greek industry and the elimination of special industrial subsidies, including export subsidies, which followed Greece's joining the EEC
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