Greek Tourism Rebound Pushing Early Bailout Exit

The video discusses the growth and opportunities in Greek tourism, highlighting record years in 2013 and 2014. It covers strategic plans to promote Greece as a tourism destination, improve infrastructure, and attract investments. The economic impact of tourism, contributing 16.4% to GDP, is emphasized, along with concerns about Western Europe's situation. Tax reductions have made Greece more competitive, and further cuts are aimed at enhancing value for money. Infrastructure projects, like the old airport redevelopment, are underway. The video concludes with discussions on economic challenges, potential bailouts, and necessary structural reforms for sustainable growth.

What was the growth rate of Greek tourism in the record years mentioned?

• 20% annually

• 25% annually

• 15% annually

• 10% annually

What percentage of Greece's GDP is contributed by tourism?

• 10.4%

• 12.4%

• 14.4%

• 16.4%

What is one of the key benefits of tourism for Greece besides revenue?

• Higher education levels

• Job creation

• Improved healthcare

• Increased exports

What was the VAT on food reduced to in order to make the tourism package more competitive?

• 18%

• 15%

• 13%

• 10%

What is the Greek government's stance on future tax increases in the tourism sector?

• They plan to increase taxes

• They have no plans regarding taxes

• They plan to maintain current tax levels

• They plan to reduce taxes if the situation improves

Which area is being targeted for high-value development projects in Greece?

• Santorini

• Crete

• Old airport site near Athens

• Mykonos

What is a significant part of the Greek government's privatization program?

• Privatization of national parks

• Privatization of public schools

• Privatization of regional airports

• Privatization of healthcare facilities