Post by arfanho7 on Feb 24, 2024 10:26:15 GMT
Again the news was not good with no positive trends shown. Only the Greek government is to blame for this fiasco. While many factors can contribute to the inability to attract FDI I believe two of them were the primary determinants Political uncertainty. Lacking strategy and vision the country has floated with no sense of direction. Policies change constantly.
To make things worse the polyphony increased over time as new ministers made contradicting statements around privatizations further confusing foreign investors. Survey data from the same IMD competitiveness report are striking. Asked to rate Greece on the statement risk of political instability is very low the score declined from . in to . in . Degradation of property rights. Protection of Egypt WhatsApp Number List property rights in the country is still poor and a major deterrent to investment. Greece scores just a out of on a World Bank s strength of legal rights index actually decreasing from in .a contract in courts has increased from days in to days in . Who Is To Blame Loud voices such as that of the current.
Finance Minister Yanis Varoufakis have argued that the inability of Greece to recover is because of recessionary measures imposed by creditors. While recessionary measures in the midst of a severe recession are not part of an optimal economic policy this view is deeply naïve because it ignores the political realities of Greece. The track record of Greek politicians is one of populism corruption and fiscal irresponsibility. See here for my thoughts on the ability of Greek government to implement reforms.
To make things worse the polyphony increased over time as new ministers made contradicting statements around privatizations further confusing foreign investors. Survey data from the same IMD competitiveness report are striking. Asked to rate Greece on the statement risk of political instability is very low the score declined from . in to . in . Degradation of property rights. Protection of Egypt WhatsApp Number List property rights in the country is still poor and a major deterrent to investment. Greece scores just a out of on a World Bank s strength of legal rights index actually decreasing from in .a contract in courts has increased from days in to days in . Who Is To Blame Loud voices such as that of the current.
Finance Minister Yanis Varoufakis have argued that the inability of Greece to recover is because of recessionary measures imposed by creditors. While recessionary measures in the midst of a severe recession are not part of an optimal economic policy this view is deeply naïve because it ignores the political realities of Greece. The track record of Greek politicians is one of populism corruption and fiscal irresponsibility. See here for my thoughts on the ability of Greek government to implement reforms.