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26 Feb 2025

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The Idea of Greece as an AI Hub for the EU

The brief country snapshots presented in Digital Economy Weekly often make note of a nation's history, and there is of course no deeper or more profound history in the Western world than that of Greece. But modern-day Greece is a small country of slightly more than 10 million people and a smallish GDP of $250 billion, slightly more than 1 percent of the 27-nation EU's total economy.

Πού πας τώρα Ελλάδα? (So where are you going now, Greece?) IDCA's Digital Readiness Index finds Greece at the bottom of the EU. But the EU is the world's most competitive region in this index, which gives equal weight to digital infrastructure, government and social conditions, and sustainability.

Greece in fact resides within the world's Top 50 nations in the index, with an above-average sustainable grid of 40 percent, the strong social infrastructure expected of the EU, and a slowly growing data center footprint that could be significantly improved with a relatively modest investment.

Greece's bonds are slightly underrated according to IDCA analysis, a residue of the debt and cash crisis experienced a few years ago. A similar crisis today would likely be catastrophic, as the big EU players are either in economic turmoil (Germany), political turmoil (Germany and France), or no longer part of the EU (the UK). So Greece's governmental leaders, if they spend any time thinking about their nation's tech future, must be aware of its economic fragility.

Anyone who has enjoyed Greece's sublime climate could be forgiven for dreaming of this country as a very nice place to build AI centers, attract scientific talent, and serve as a regional EU hub for the 21st century. The data shows that this is possible, along with a location that serves as a gateway to the growing Middle East and Asia.

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