Speed is of the essence

Every euro that enters the real economy at this point can make a real difference to the course it takes from this point forward. This is abundantly clear to anyone with a sense of what is going on around us, with an understanding of the cash-flow crisis that is choking the life out of the market.

The government for its part has pledged that it will pay back 3.5 billion euros’ worth of arrears to private businesses and individuals by March. The process, however, has not picked up speed as it is mired in complicated procedures and a part of the public administration tasked with this process is operating as a matter of formality only, without any sense of urgency.

This kind of delay cannot and must not be allowed to continue. What the Greek economy needs right now is radical, speedy solutions, because otherwise the market will suffocate, taking every other sector down with it.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.