I won’t belabor the point that Greece ranks rock-bottom among EU-countries in all three reports. That does not surprise anyone.
I do, however, argue that if Greece could move itself into the upper part of those rankings, a lot of things in Greece would rapidly turn to the better, economically that is.
One can read every day in detail about Troika-measures and how cost-cutting is coming along. I find it interesting to note that one reads very little about measures which would improve Greece’s rankings in the above three reports.
The greatest challenge for Greece is to employ its people. As a general rule, there is no new employment without new investment. And also as a general rule — new investment money tends to flow when a location/region/country is a great place to do business, is gobally competitive and has a reasonably low level of corruption.
Two masons were asked by a passer-by what they were doing. One said: “I am putting one brick on top of the other”. The other one said: “I am building a cathedral”.
Why is eveyone so much in love with putting one budget brick on top of the other instead of focusing on building an economy?