After seven
years of recession and a repeated unreliability, Greek economy can hope
for better days.

It has
achieved a unique budgetary adjustment which allows Greece to look forward for an even bigger structural
intervention.

The state
has reduced actively its costs, it has controlled its main sources of cost, the
public employees’ salaries as well as the costs of social insurance sector
through the pensions’ reduction.

These two
sources consist the 80%
of government budget expenditures.

Furthermore
this long period of crisis led more Greek
citizens to the private initiative who started to depend more on their own forces.

If the
current government, and those that will come, will serve the structural change
that has already been made, if they open the markets and they support the reforms then there is a hope .

After this
long period of crisis, Greece has the chance to achieve the leap that by default follows a catastrophy.
A leap of creativity and progress that will be served by anyone.



Antonis Karakousis

(translated abstract)