A crucial test
Recent developments regarding the Skouries gold mine in Halkidiki, northern Greece – long a source of friction between authorities and local residents and activists – are nothing less than outrageous. The country’s leftist-led government has snubbed repeated rulings issued by the Council of State, the country’s highest administrative court, in an apparent bid to lure votes and make up at least some of the political damage caused by its signing up to a third memorandum. At the same time, investors see that particular investment as a crucial test as to whether Greece is a serious country running according to a fixed set of rules that does not change every time there is a change in government. No reasonable investor will put their money in a country where the political administrations don’t hesitate to trample over court decisions or change the rules of the game to fit their own interests.