How Greece Lost Its Industry and Became a Nation of Services

How Greece Lost Its Industry and Became a Nation of Services

The Greek industry was replaced by the service sector. Credit: Flickr \ Thanasis Papathanasiou CC BY-ND 2.0 The continuous decline of Greek industry since the country entered the European Union is a sad occurrence that has resulted in a downward spiral in the Greek economy. As decades-long standing factories and businesses shut down each year, manufacturing and entrepreneurship in Greece have come to a standstill. The economy is becoming more se…