Moody’s Raises Greece’s Rating as Reforms Bring Progress

The transcript discusses Greece's economic strategies, including Microsoft's investment in data centers, opportunities arising from Brexit, and new tax incentives to attract foreign investment. It highlights Greece's improved credit rating by Moody's and outlines the country's financing needs amidst the pandemic. The discussion also covers tax reforms, the impact of the pandemic on the economy, and Greece's efforts to balance health and economic growth.

What major tech company has chosen Greece for its data centers?

• Apple

• Microsoft

• Google

• Amazon

What opportunity does Greece see with Brexit?

• Boosting tourism

• Expanding its fishing industry

• Attracting banks from London

• Increasing agricultural exports

What is the tax incentive for those relocating to Greece?

• No property tax for three years

• Flat 10% income tax rate

• No income tax for five years

• 50% income tax reduction for seven years

What natural advantage does Greece promote to attract foreign talent?

• Good weather and natural beauty

• High-speed internet

• Low cost of living

• Advanced healthcare system

What was a significant economic achievement for Greece during the pandemic?

• Receiving a credit rating upgrade from Moody's

• Reducing unemployment to record lows

• Achieving a budget surplus

• Eliminating national debt

What is Greece's estimated GDP decline for 2020 due to the pandemic?

• 5%

• 10%

• 15%

• 20%

What structural change is Greece implementing to support its economy?

• Nationalizing key industries

• Increasing corporate tax rates

• Lowering Social Security contributions

• Introducing a new currency