Greek Minister: Slash Red Tape To Encourage Private Investment
Bureaucracy and corruption are the country's national hobbies, and a bit of a deterrent to business
Greece needs to cut bureaucracy and push through languishing investment projects, not sell its islands to attract funds crucial for its struggling economy to return to growth, a Deputy Development Minister told Reuters on Wednesday.
Seven major investment projects, ranging from tourism to energy and worth half a billion euros in total, have been stuck for months awaiting parliamentary approval instead of drawing cash into an economy stuck in its fifth year of recession.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?