The Greek economy has already contracted 25% in the past five-years as the government tackled with austerity measures designed to diminish the growing public debt.
“Greece, on the other hand, expects its economy to contract in 2015 and 2016 as the country adopts new austerity measures. Many investors, however, are attracted to the lower valuations in Greece, which they believe are commensurate to the additional risks,” Jay Jacobs of Global X told the Journal.
Global X FTSE Greece 20 ETF
