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No money, no supplies, no workers: Life for Greek small business 

By: zzstar in FFFT3 | Recommend this post (1)
Wed, 08 Jul 15 6:26 PM | 145 view(s)
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http://www.ekathimerini.com/199154/article/ekathimerini/business/no-money-no-supplies-no-workers-life-for-greek-small-business

"Greece has one of Europe’s highest proportions of small enterprises and people working for themselves.

The ratio of self-employed to the labor force is about 35 percent, according to a report by the Washington-based Center for Economic and Policy Research. Among services companies, over 60 percent employ fewer than 10 people, Organization for Economic Cooperation and Development figures show.

Many are soon to be in “irreversible deadlock,” according to Haris Makryniotis, managing director of Endeavor Greece, part of a New York-based nonprofit organization that backs entrepreneurs in the country.

“Things have gone out of control since capital controls and cross-border transaction limitations were imposed,” he said. “This situation will very soon be irreversible. We expect shortages of goods in the next couple of weeks and dramatic shortages of basic foods within one or two months.”




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