Greece has become cheaper than it used to be and, as a result, a lot more competitive. We are constantly seeing signs of this as large multinational companies expand their activities in this country and seek new opportunities.
What is a real shame though is that this competitive edge is based almost exclusively on declining salaries and reduced operating costs.
In the long term, what we need is competitiveness based on changes to the quality of doing business in Greece, such as a state that is friendly to entrepreneurs and has a stance of good faith toward investors.
If the state’s general attitude toward investment improves and if we see structural reforms going through and abolishing the various castes and vested interests that are holding the country hostage, we will see many more investments in Greece and, as a result, thousands of new jobs.