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In reply to the discussion: Europe's big guns warn Greek voters that a no vote means euro exit [View all]Xolodno
(6,390 posts)...Greece embracing non-EU countries for trade....which is something the EU doesn't want either.
And I can easily see how large companies may choose to have a presence Greece, your looking at it as an "there can only be one" situation. As I stated, cheap labor access to countries that don't have good trade agreements with the EU, etc. And large companies can have it both ways. Example, Disneyland Paris is listed on the Paris Stock Exchange. Its technically its own entity separate from the Walt Disney Company based in Burbank, CA.
What makes you think large companies don't try to have the best of both worlds? If I have a company that makes widgets, and Greece needs widgets, but priced out the market in Greece due to tariffs...but I can incorporate a business in Greece to make widgets there and despite not being efficient, but cheaper labor and favorable tax code and costs less than importing and still have a nice profit....I'm going to make widgets in Greece. But wait, there's more! If I can sell my widgets to Armenia cheaper than my company based in Germany can, guess who I'm exporting to. Not hard to figure out.
Nor am I taking it personally, if people insist on that their opinion flies in the face of solid and proven Economic Theory...just not going to waste my time.