OPINION

Investment means more jobs

Rising unemployment figures should be a major concern for all of us, especially as they seem to be spiraling out of control. One sure cause behind this phenomenon is the fact that the uncertainty which has prevailed on the markets over the past six months has caused all investments to freeze and has also forced many small businesses to close down. The governing powers need to realize that it is not just the borrowing status of the state that needs to top their agenda right now, but also the problems plaguing the domestic business community, which feels that it has no room to grow or even breathe. The government needs to focus on imposing the structural reforms that will help to make the market more flexible if it wants to tackle unemployment and, more importantly, to change the prevailing mentality of rivalry with which local authorities, the bureaucracy, justice system, unions and other important cogs in the state wheel view any investment plan. Unemployment will only be addressed when as a country we realize that we want investment.