Greece’s unemployment rate, which hit a new record high of 27.6 percent in May according to official figures, has skyrocketed to an unacceptable level.
Particularly worrying is the jobless rate among 15- to 24-year-olds, which now stands at 64.9 percent, making this a politically and socially explosive issue that needs to be addressed in an urgent and decisive manner.
That said, solutions will not come from outside, or from the sky for that matter.
In order to create job opportunities, Greek society and the state must embrace healthy entrepreneurship and investment.
Greece’s state sector and a section of the political class regrettably appear to be waging an undeclared war against investments. Their opposition and sterile rejectionism is effectively putting the brakes on much-needed economic growth in this recession-hit country.
There is no better way to fighting unemployment than by unleashing Greeks’ creativity and business acumen.