3 ms·
At the end what are structural changes which will grow the Greek economy? From Bulgaria to Estonia, the east European economies are far more competitive and in
by diminish 8y ago
At the end what are structural changes which will grow the Greek economy? From Bulgaria to Estonia, the east European economies are far more competitive and innovative and could still suck the growth out of Greece in the small room left around Germany's giant and productive manufacturing economy. Greece is nowhere a rising technology star neither.
I guess Greece will find an equilibrium at a lower income per capita.
- elorant 8y agoLong story short, facilitation of private sector. If I need one month of red tape to open a new business and have to face a mountain of absurd taxes from day one it's game over. Social security for example is obligatory and it's a huge hurdle for young people who want to open a business and start making money. It creates a lot of insecurity if you have no idea whether your business will succeed to have to pay a monthly fee for social security which if you don't they might confiscate your bank account.