Η ¨νέα¨ οικονομική ανάπτυξη στην Ελλάδα. Από που θα προέλθει και ποιες είναι οι κατάλληλες πολιτικές
Παρασκευουλάκος, Αλέξανδρος Ι.
For the past four years Greece is going through its most severe economical situation since world war two. The applied policies of the governments in the last three decades have brought the country on the verge of bankruptcy. In this presentation we attempt to study the fundamental causes of the crisis and look for opportunities and capabilities for Greece’s ‘new’ economical development. Finally we try to determine the most suitable policies and general strategy for this new development. Economies go through certain cycles, but governments must take action to treat imbalances that might lead to crises with severe repercussions for the citizens. In 2008 the bubble in the American real estate market burst thus affecting the global economy. Greece was carrying a loan burden of 300 billion euros and a fiscal deficit exceeding 15% of GDP. The Greek banks were exposed to substantial amounts of toxic financial instruments. Apart from the country’s fiscal mess, Greek competitiveness was also poor along with minimal business extroversion. The contractive fiscal policy that was applied according to the memorandum’s directions brought deep recession and caught the citizens in awe. Stabilizing forces are starting to bring hope as a result of the measures taken by the Greek government under the supervision and directions of troika. But if the necessary changes are not made quickly and if the correct policies are not put into effect, then Greece’s social marginization will be inevitable. Greece due to its history, geographical position and climate conditions has immense growth potential and must take advantage of its natural resources and of the talented new generation in order to set a good example for the rest of the world. By applying the appropriate policies to each sector of the economy, with emphasis on competitiveness and innovation, on correct fiscal management, along with changes in education and social culture, soon we will have the resulting growth and prosperity. It is our wish and duty to make the changes and get over this crisis as soon as possible.