Publication

Even after the successful restructuring of Greek’s sovereign debt in March 2012, most economic problems of the country remain unsolved. The non-competitive economy of the EU member country requires a comprehensive transformation. Greece does not need more foreign advisers but rather has to develop macro- and microeconomic concepts and strategies for the improvement of the competitiveness of enterprises. The country has to develop ownership of its reform process, instead of fighting recipes imposed by the troika. There are many examples of successful economic development in recent economic history, but foreign help and recipes never played the decisive role.