Government continues to claim progress in business-friendly reforms

Posted by Christian J. Hadjipateras 30/08/2017 0 Comment(s) Economia Blog,
Greek Prime Minister Alexis Tsipras has once again claimed that his SYRIZA-led government is commited to business reforms despite evidence showing that not much is changing in a country notorious for its infuriating bureaucracy. The government continues to send out mixed and contradictory signals with regard to its promises. Inviting investments, especially from abroad, is of paramount importance.
 
Given SYRIZA’s hard left ideologies, it is little surprise to hear claims that deals are being stalled. A representative of the NCH Capital venture capital firm, Thodoros Pangratis, claimed a multi-million-euro investment project on Corfu was being obstructed. It therefore appears that while Tsipras promises to create a clearer path for investments, his government is actually doing the opposite. 
 
Tsipras, who visited the tobacco compny Papastratos’ plant in Aspropyrgos, western Attica yesterday, praised the company as being an example of surviving the debt crisis. However, critics say that the company survived in spite of the government’s actions and not because of them because the company’s €300m investment project was put into gear during the same period as when capital controls were imposed in 2015.

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