Editorial EDITORIAL

Avoiding a downward slide

COMMENT

It is no secret that Greece went bankrupt because it was not competitive in any sector whatsoever.

Thankfully, competitiveness was boosted in certain fields due to a series of structural reforms in the labor market and the reduction of the cost of labor.

But the truth is that all the remaining obstacles remain in place, unchallenged, while taxes and social security contributions have skyrocketed.

If, therefore, the structural reforms that have been carried out in the labor market so far are dismantled and we witness, once again, a wave of unjustifiable increases, we will invariably see our country slide back to the bottom of international competitiveness charts. And we will only have ourselves to blame.

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