OPINION

Bankrupt model

The snowballing revelations over the stock market gambling by deputies and Socialist cadres during the boom period as well as disclosures that these people received electoral donations from a well-known business circle confirms what had until now been discussed behind closed doors but never stated in public: namely that the model of governance followed by Prime Minister Costas Simitis has come full circle. It would have been better had there been a reaction to what ordinary citizens had long diagnosed before domestic politics degenerated to their present condition. Unfortunately, it takes a strong shock for the complacent politicians to awake to reality. It is not hard to see that the country needs new politicians, armed with new policies. Even if it won a couple more four-year terms, Simitis’s PASOK would never dare carry out the much-needed radical policies… In order to change the environment and the mood of both employers and employees, the government must implement a series of political measures. These need not be particularly groundbreaking ones, but rather policies that all European states are now examining: a more attractive labor relations model, a daring reform of social security, and a revision of tax legislation that will provide more business flexibility and cut through the red tape inside the public sector. These are some of the policies which, combined with a fresh administration, could power the wheel of the Greek economy.