Measures to kickstart growth
One of the government’s top priorities in the fall is to kickstart economic development. This is the only way to avoid a further deepening of recession. Prime Minister George Papandreou must take immediate measures to reverse the grim mood of uncertainty that has swept the financial market. First of all, he should replace those ministers who fail to grasp the workings of the market and who insist on viewing economic growth through reactionary lenses, insisting on policies reminiscent of the 1980s. Similarly, government officials must stop demonizing entrepreneurs and profit. Also, they must realize that excess taxation has taken a hefty toll on consumers’ buying power and is exacerbating the country’s fiscal crisis. This will help tilt the country back onto the track of development, even though it will be long before local and foreign businessmen are prepared to invest their money in Greece.
