Three steps for the econ­omy

Kathimerini English - - Front Page -

The Greek econ­omy is on the brink of col­lapse and many busi­nesses are ready to fold due to the cap­i­tal con­trols and the dis­as­trous Varoufakis dogma which the SYRIZA-led gov­ern­ment adopted for six months. It is a pity to ob­serve com­pa­nies which seemed fi­nally to be on the way to re­cov­ery by the end of 2014 now find­ing them­selves a step away from clo­sure, un­able to im­port vi­tal ma­te­ri­als or pay their staff. Three things must take place in or­der to avoid com­plete dis­as­ter. First of all, a deal must be signed be­tween the gov­ern­ment and the in­sti­tu­tions and im­me­di­ately be­gin to be im­ple­mented – to re­move un­cer­tainty. Se­condly, bank re­cap­i­tal­iza­tions must be­gin as soon as pos­si­ble. And thirdly, cap­i­tals con­trols should be lifted very soon. There is no time left for elec­tions or other point­less moves. So­ci­ety has run out of stamina while the coun­try must start mov­ing for­ward and en­ter a new pe­riod of growth.

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