Greece has gone from 'problem child to model student', ARD reports

"Greece: From Problem Child to Model Student" is the headline of a report by the main channel of Germany's public broadcaster ARD, highlighting the progress the country has made in overcoming the economic crisis, its investment opportunities, and the "lessons" Germany can learn - especially in the area of digital transformation, but also in mindset.
Sun, beach, blue sea and pretty little islands - this is what distinguishes Greece. In financial speech, one could say that these are the assets of the country, i.e. the assets that bring Greece money. Thirty percent of gross domestic product depends on tourism, said Christian Kopf, Head of Pension Markets at the Union Investment.
"Greece experienced a major economic crisis in 2011. At that time, the government had taken on very high levels of debt, but it also had a very high budget deficit and investors were no longer willing to finance it," the report stated, noting that Germany is the largest investor in the country. "After a default and several extraordinary loans, the country is in a better position again. The state has restructured its budget and can borrow money again from the capital markets on more favorable terms. "With these funds, Greece has invested significantly in the country's infrastructure and has thus attracted foreign investors," Marian Wendt, head of the Athens office of the Konrad Adenauer Foundation (KAS), told ARD, citing the case of the German pharmaceutical company Boehringer Ingelheim, which represents 1% of Greece's GDP.