Greece is eager to attract major investors willing to put their money in Greece and create jobs. But investors are reluctant to do so.
The question remains, however: Is the high level of Greece’s sovereign debt an obstacle to attracting investment?
Indices measuring a country’s competitiveness – often a “gold standard” for attracting DFIs – do not measure the role played by the public debt, although general references are made when discussing a country’s macroeconomic environment. The latter references, however, don’t figure prominently on a list of priorities for gauging a state’s competitiveness.
The most negative factors for implementing an investment plan in Greece, specifically, are found in a table presented in a report on Greece at the World Economic Forum between 2015-16.
via naftemporiki.gr
PS I don’t see “high labor cost” on the table. Of course. With part-time labor contracts without social security contributions and other factors like that, with wages between 250-400 euro, Greece is finally the China of the European Union.
The remaining question would be how this would look like if CDS would be illegal and the ECB wouldn’t give “investors” cheap money to gamble with instead of investing.
Hmm. Without a doubt bureaucracy! I do not believe financing is no. one and the Greeks are quick to change the goal posts. No one in their right mind would invest here with so many other options,
I think poor language skills (it already starts on a plane when you hear pilot and hostess talking a certain kind of english/greeklish) , burocracy and a poor work ethic are a burden. Greeks also always tend to know things better and are very poor listeners. Spending a lot of my time in Greece I would never ever even consider to invest here.
Doubtless, Greeks will be very happy to read that somone who mocks their English language skills but him/herself spells bureaucracy as “burocracy” will not be invading their space any more than is necessary.
lol
I think that you’re a liar or the many times in Greece you’re living in your own personal hell because you must know that “Greeklish” nowadays means something totally different that even a Firefox extension understands or your last time in Greece was more than 10 years ago.
Also most of the native non-speaking crews on planes just memorize it that way in education, just like the speakers at the train stations, as it’s cheaper to make them act like robots that seem to understand each other.
I also don’t get why migrants have to learn complicated languages that are only complicated because these languages always pronounced wrong the 2/3 of “their” words they’d stolen from ancient languages and just like Troikans investors are too arrogant lazy slobs to learn the local language…. ridiculous
The easiest for all would be to learn Greek as all other languages root in Greek, the perfect European language giving Europe an own identity, desperately needed, btw.