A cru­cial test

Kathimerini English - - Front Page -

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.

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