Too little, too late?

Many of the measures that are rumored to comprise part of the list that the Greek government is expected to submit to the European Commission, European Central Bank and the International Monetary Fund are reforms that should have been implemented a long time ago.

The launch of tenders for media outlets wanting to be granted broadcasting licenses and the crackdown on illegal fuel rings and smuggling are measures that have been announced time and again, but have never actually been enforced.

There is no arguing that it’s high time they were.

On the other hand, the question is whether anyone in the government really believes that such measures will bring immediate results and instant revenues. Experts who know about how these things work stress that not only do such measures take a long time to start bearing fruit, but the Greek state is also limited in how high it can set its goals given its inherent malfunctions.

Sure, we will be pleased to see the government implementing these reforms but we shouldn’t delude ourselves that this will bring in the money the country needs right now.

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