Getting down to business

COMMENT

A number of foreign leaders have stated their intention to encourage major companies in their countries to invest in Greece. However, more often than not, such ambitious plans end up drowning in the quagmire of Greek bureaucracy, scuppered by the ineptitude of various ministers and blocked by a system of cronies who want to to retain control over every facet of the domestic market.

A solid law on investments is not enough to change these facts because it will simply be left sitting in a drawer somewhere rather than being implemented, suffering the same fate as so many other bills and measures that have been voted through Parliament in the past.

No one, for example, will invest in a country where a simple case can take as many as 10 years to be ruled on by a court.

Without radical changes in the way we do business, Greece will remain a place that will only attract very bold or “expert” investors.

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