From the Wall St. Journal. The legendary Greek shipping magnates are still legendary. Greece has 4072 merchant ships. More than Japan, or Germany, or the US. More than any one nation in the world. Not bad for an economy swirling down the drain.
According to the Journal, the shipping interests threatened t o pack up and move elsewhere back in the 1970's. The Greek government caved, and Greek shipping enjoys low taxes and freedom from regulation to this day.
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