Blight on the economy

The capitals controls imposed on Greece last month is a blight that was caused by an excess of levity and which has led to incalculable damage being wreaked on the country.

While the majority of the Greek people are passively observing ruling SYRIZA’s inner-party drama and waiting for a solution to emerge through negotiations for a new proposed bailout, the economy is bleeding.

The Greek International Business Association recently reported that about 80 percent of raw materials and products used in local production are imported from other countries.

When the money released for imports is insufficient because of restrictions and bad management, both imports and exports are affected.

It should be both the government’s and the creditors’ priority to solve this problem immediately. If they fail to do so any other salvation effort will prove to no avail.

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