However, through austerity measures and seven years of tax and social reform that slashed pensions, wages and social benefits, Greece came out with a budget surplus of 0.7% of GDP last year.

GREK tracks the largest and most liquid companies in Greece with 32 holdings.

Top holdings include Alpha Bank 14.1%, Hellenic Telecommunications Organization 11.5%, National Bank of Greece 9.1%, and Greek Organization of Football Prognostics 8.2%.

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