As with any type of re-engineering, when endeavoring to reshape the economy, we must first determine its current status and specific circumstances before we can attempt to find solutions.
For years now, Greece has suffered mainly from the following (in no particular order of importance):
In lieu of proposing solutions, I will provide a methodology for resolving some of our problems and putting Greece on a path of increased growth.
First, we must determine our strategic plan—where we want Greece to stand within the Balkans, Europe, and the world—and from there we can develop our to-do list, which will help us formulate our actions and solutions.
In formulating solutions, we do not need to reinvent the wheel. We must research and assess what other countries have done to attract investment and improve their economies, and we should then choose those policies that are best suited to our situation.
In doing this, there are some basic facts that we need to acknowledge and be aware of. These are:
While the above obviously involve long term planning, there are some things that we can do in the short term too; these are:
Finally, we must depart from the notion that everyone is a crook and that we must hence design elaborate bureaucratic systems to catch them (systems that have proven inadequate for that purpose anyway), and we must instead move to simpler systems that will be designed with a focus on honest people, enabling them to conduct their business easily and efficiently.
© 2019 KPMG Certified Auditors S.A., a Greek Societe Anonyme and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.