Losing the investment fight
The prime minister has publicly acknowledged the need for Greece to attract investment to create jobs and stoke an economic recovery.
In reality, though, nothing is being done to make this happen. The obstacles are familiar: cozying up to voters, ideological hang-ups, incompetence, bureaucracy, unionists, local reaction and a lamentable public administration. Even privatizations that have been approved have stalled.
All these reasons, and many more, create a negative climate for investors. Therefore, we should not be puzzled that there is German investment in Serbia, Romania and other countries but not in Greece.
