Im­port fig­ures high­light Greece’s pro­duc­tion deficit

Kathimerini English - - Focus -

Of­fi­cial data on Greek im­ports for 2016 have once again shone a spot­light on Greece’s pro­duc­tion deficit. Last year Greece spent 1.53 bil­lion eu­ros in cloth­ing im­ports and 497 mil­lion in footwear. De­spite ex­ten­sive cotton cul­ti­va­tion in the re­gion of Thes­saly, the coun­try im­ported tex­tiles worth a to­tal of 659.8 mil­lion eu­ros. On veal and pork im­ports, Greece spent 1.1 bil­lion eu­ros, even though the coun­try is self-suf­fi­cient in far-health­ier sheep and goat meat. Fish im­ports into a typ­i­cally mar­itime coun­try amounted to 432 mil­lion eu­ros and ce­real im­ports amounted to an im­pres­sive 613 mil­lion eu­ros. Mean­while, the at­mos­phere of in­se­cu­rity has made Greeks re­sort to the refuge of gold: In 2016 the value of non­mon­e­tary gold (con­sid­ered a pre­cious com­mod­ity and not a fi­nan­cial el­e­ment)

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