Basic HTML Version
T
he ongoing economic crisis has caused a
series of problems for both construction,
and public works, two sectors whose
access to bank financing has been dramatically
reduced.
Despite such problems, though, jump-starting
public works projects will create thousand of new
jobs, while construction can become a driver for
the Greek economy's yearned-for growth.
It is worth noting that the real estate market is the
mirror of a country's economic situation, since it
offers work to more than 150 professions. One of
the key sectors of the Greek economy is current-
ly being hit by recession, by a climate of insecuri-
ty and uncertainty, as well as by high taxation;
however, it may relive the good days of the past
through targeted support measures.
Notwithstanding any action, the course of the
market during 2012 in regard to both public
works, and construction at large, is directly linked
Trade with Greece
94
Public works can
become Greece's growth
driver again