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Greek trade balance breakdown for 2013 shows that, of a negative overall balance of -25bn USD:

the biggest negative articles are
*oil & gas -8.4bn USD
*capital goods (machinery, eletrical, electronic, ships, vehicles) -6.6bn USD
*pharmaceuticals -2.4bn USD

Foodstuffs figure on the negative side thus:

*meat -1.3bn USD
*dairy -0.5bn USD
*cereals -0.3bn USD
*miscellaneous (my rough calculation) -1.6bn USD
Total -3.7bn USD

but bolster the positive side:

*vegetable/fruit preparations 0.9bn USD
*fruit, nuts etc 0.75bn USD
*animal/vegetable fats/oils 0.4bn USD
*fish 0.35bn USD
Total 2.4bn USD

The foodstuffs balance is negative but not enormously (-1.3bn USD). Eat less meat and dairy, and more vegetables, fruit, fish, olive oil (the Mediterranean diet!) and it could be fixed.

The worrisome items, in terms of immediate living conditions, are oil & gas, and pharmaceuticals.

by afew (afew(a in a circle)eurotrib_dot_com) on Tue Dec 30th, 2014 at 10:55:18 AM EST
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