The road to growth

Talk of growth is on everybody’s lips these days. It is wrong, however, to expect this to come about solely through lower wages. A truly competitive economy is not exclusively identified with a low-cost economic system.

There will be no investment if the state does not get rid of complicated procedures for obtaining permits, delays in the judicial system or constant changes in taxation. From customs to the last department involved, there will be no dramatic increase in exports without support from the state. Greece has exemplary manpower. There are examples of local companies conquering global markets. Reforms allowing competition and encouraging entrepreneurship are a top priority. Without these changes, our only means of achieving growth is through state subsidies alone.

That’s fine, but the country needs competitive Greek businesses whose sole demand of the state is for the latter not to meddle in their affairs.

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