Sti­fling our cre­ative forces

Kathimerini English - - Front Page -

The pau­per­iza­tion of what used to be Greece’s mid­dle class con­tin­ues at a fast pace. Ex­or­bi­tant taxes and so­cial se­cu­rity con­tri­bu­tions are suf­fo­cat­ing cit­i­zens. At the same time, of­fi­cials ap­pear to be only in­ter­ested in the well­be­ing of their po­lit­i­cal clien­tele, ap­point­ing their acolytes and promis­ing hand­outs to par­tic­u­lar groups. Mean­while, their re­ac­tionary ide­o­log­i­cal bag­gage is mak­ing them view en­trepreneur­ship and the mak­ing of profit with skept­cism. Some of the coun­try’s lenders are aware of the dead­lock but, also with the ex­cuse of the gov­ern­ment’s lack of cred­i­bil­ity, in­sist on im­pos­ing a fis­cal straight-jacket of ex­ces­sive pri­mary sur­pluses. All this is tak­ing its toll on the coun­try’s cre­ative forces and they will not be able to stand the pres­sure for very much longer. With­out a gov­ern­ment that is gen­uinely in­ter­ested in and com­mit­ted to see­ing a re­turn to eco­nomic growth and a par­al­lel eas­ing of fis­cal tar­gets, Greece’s prob­lems will only in­ten­sify.

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