by Markus Stolz

  The ongoing financial crisis in Greece continues to take its toll. Disposable income for the consumer is dropping like a stone, and by now every sector in the country is badly affected. The wineries are having a particular hard time, cash flows have completely dried up and I estimate that sales are down by between 30 and 50% over the last few months. The export markets have remained steady, but given that roughly 90% of the produced wines are sold within Greece, this offers little ...

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