The way to go

News that a Greek on-demand grocery startup was acquired by a foreign company for $360 million should serve as a guide for the future.

The move indicates the steps that Greece needs to take to make use of its human capital. It shows how European funds – the country’s last opportunity to restructure its productivity model – need to be invested.

We need more incentives and fewer bureaucratic and tax obstacles. We need to invest in innovation, technology and knowledge.