Greek exit from euro to hit IT sales

Stefan Mileschin · 10th July 2015, 09:03

Earlier this week we reported that Greek IT staff are leaving the country in their droves because they can earn much more money and rely on getting paid.

And with the European Union possibly setting Greece adrift from the Eurozone, a report suggested that IT spend in the country is likely to plummet.

IDC said that a Greek exit from the euro will see IT spending in the country drop by as much as 18 percent in 2016.

Ut’s not yet certain that Greece will leave the Eurozone, but even if it does reach agreement with the EU, that will still have a negative effect on IT spending because of loss of business confidence and will lead to a double digit decline in IT spend next year, IDC believes.

IDC doesn’t think, however, that there will be very much effect on other European Union countries.

http://www.techeye.net/business/gree...o-hit-it-sales

10th July 2015, 09:03	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,618	Greek exit from euro to hit IT sales Earlier this week we reported that Greek IT staff are leaving the country in their droves because they can earn much more money and rely on getting paid. And with the European Union possibly setting Greece adrift from the Eurozone, a report suggested that IT spend in the country is likely to plummet. IDC said that a Greek exit from the euro will see IT spending in the country drop by as much as 18 percent in 2016. Ut’s not yet certain that Greece will leave the Eurozone, but even if it does reach agreement with the EU, that will still have a negative effect on IT spending because of loss of business confidence and will lead to a double digit decline in IT spend next year, IDC believes. IDC doesn’t think, however, that there will be very much effect on other European Union countries. http://www.techeye.net/business/gree...o-hit-it-sales

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