Posted on 10/11/2012 12:12:31 PM PDT by Kartographer
Greece's biggest company, Coca Cola Hellenic, is leaving the country, the drinks bottler said on Thursday as its move to Switzerland and a London listing for its shares dealt a blow to the crippled Greek economy.
The immediate material impact on Greece is limited - its Greek plants stay open and CCH said the small portion of it activity that the world's second-ranked Coke bottler has in Greece will be unaffected. But analysts quickly saw it as bad news for a nation struggling to compete inside the euro zone.
(Excerpt) Read more at news.yahoo.com ...
Instead of cutting government spending, the first thing the Greeks did was raise taxes on the private sector (typical IMF prescription). I have no sympathy. Love the Greeks, but I have no patience for socialists. When a whole country seems to be happy to be working for the government, the effects are predictable.
Instead of cutting government spending, the first thing the Greeks did was raise taxes on the private sector (typical IMF prescription). I have no sympathy. Love the Greeks, but I have no patience for socialists. When a whole country seems to be happy to be working for the government, the effects are predictable.
I’ll drink to that!.........or Grappa!.....
Socialists never think that the producers and the entrepreneurs will just get up and leave taking their money and jobs with them.
Socialist truly believe that it is ALL their money and assets to spend how THEY see fit. After all, they know what is best.
That they are doing you a FAVOR to keep some of your own money.
John Galt them.
They were definitely not going to go to France or the US, places where success gets punished the most
Hard to be sympathetic....they’ve been living on credit for generations and now the creditors want to be paid.....and the “takers” are now outraged. I see it coming to the USA.
First things first. When the largest company in your country is a soda bottler, you are at the bottom of the pit looking up already. So now what is the largest company?
If their biggest business is a soda bottler, there must not be much there. Heck, Mexico can do better!
Since I haven't done the search to find out, here are my top 5 guesses for Mexico: Jose Cuervo; some Mexican beer; a maquiladora of some kind; PEMEX; narco-trafficking.
As to Greek Coca-Cola, it's a different taste, especially coming from Germany where the syrup is sweetened with beet sugar.
a hellenic hell
Greece needs to learn to cut GOVERNMENT. I wonder if they have free ‘Obamaphones’??
They have ‘OPAphones’. ;-)
Now they can be a Helvetic hell...
Funeral casket makers...
| Name of the company | Industry Type |
| Cemex | Construction |
| América Telecom | Telecommunications services |
| Carso Global Telecom | Telecommunications services |
| Femsa | Food, drink & tobacco |
| Grupo Carso | Conglomerates |
| Grupo Mexico | Materials |
| Grupo Financiero Banorte | Banking |
| Grupo Modelo | Food, drink & tobacco |
| Grupo Televisa | Media |
| Coca-Cola Femsa | Food, drink & tobacco |
| ALFA | Conglomerates |
| Grupo Bimbo | Food, drink & tobacco |
| Inbursa Financiero | Banking |
| Grupo Elektra | Retailing |
| Soriana | Retailing |
| Kimberly-Clark de Mexico | Household & personal products |
| El Puerto de Liverpool | Retailing |
And, as per a the free library there is more detail
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