Saturday November 1, 2014 Search
Weather | Athens
18o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
The change that never was

By Angelos Stangos

When Greece’s financial crisis broke out in 2010, the country had already entered a phase of multifaceted decline. The widespread yet false mood of prosperity could not hide the fact from the sober observer. One could argue that this misguided exuberance had gradually deactivated the capacity of both the political class and society to comprehend that the country had been in a long process of decline on all levels – and not just the economy. However, experience suggests that such a claim is untenable.

Several optimistic observers had originally expressed hope that the crisis would be a catalyst for change that would put an end to some of the country’s chronic structural weaknesses. Unfortunately, four years on, their hopes and expectations have been sorely defeated. Sure, four years many not be enough time to shake off bad habits that took root over many decades. But it is still a sad conclusion.

Greece’s public administration has not become more efficient or more effective; the burden has not been evenly shared out among the people; vested interests continue to have an influence on political developments; the political class combines the same ineptitude and reluctance to live up to contemporary needs and challenges; unions impose their views on a whim without paying heed to the sorry state of the country’s economy; public education is falling apart; bureaucracy remains an obstacle; laws are constantly violated; the quality of public debate remains low; news media habitually indulge in populism; extremist acts are on the rise; society is locked in a rejectionist mode.

On the other hand, figures show that the Greek economy is gradually finding its footing. The question however remains: Can the economic recovery be sustained when all other factors that define the country’s exit from the crisis remain stagnant or worse? Reason says it’s highly unlikely.

ekathimerini.com , Thursday Jul 3, 2014 (09:49)  
The judiciary’s responsibility
Findings raise eyebrows
Countering Turkish swagger in the Eastern Mediterranean
Time is running out in Afghanistan
Ministry swap halts talk of reshuffle as reforms eyed
Prime Minister Antonis Samaras on Friday appointed Nikos Dendias as defense minister, replacing outgoing Dimitris Avramopoulos, who assumes the European Commission’s immigration portfolio ne...
Turkish-Greek cooperation in Aegean helps stem flow of migrants
Closer cooperation between Greek and Turkish coast guard authorities has led to 11,000 undocumented migrants being prevented from entering Greek borders and returned to the neighboring count...
Inside News
Disposable income of households fell 10.3 pct in one year
The reduction of Greek households’ disposable incomes in 2013 compared with 2012 amounted to a total of 14 billion euros, the biggest since the start of the crisis according to data released...
Banks unhappy with bad loans bill
Bank officials are expressing serious reservations about the efficiency of the government’s bill regarding nonperforming corporate loans, arguing that the target set by the Development Minis...
Inside Business
BASKETBALL
Spanoulis played Zeus for Olympiakos against Neptunas
Captain Vassilis Spanoulis helped Olympiakos narrowly avoid an upset on Friday as it defeated Euroleague debutant Neptunas Klaipeda 85-81 in overtime in Lithuania to preserve its perfect sta...
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Spanoulis played Zeus for Olympiakos against Neptunas
2. Disposable income of households fell 10.3 pct in one year
3. Banks unhappy with bad loans bill
4. State debtor numbers grew in September
5. Reform plan among conditions
6. Ministry swap halts talk of reshuffle as reforms eyed
more news
Today
This Week
1. Archaeologists find underground vault at Amphipolis tomb
2. Man shot dead, woman injured in Vathis square attack
3. Greek retail sales rise for third month in a row
4. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
5. Germany’s 10-year bonds decline before euro-area inflation data
6. New defense minister to be appointed without reshuffle
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.