No one invests in ailing economy

More than anything else Greece lacks healthy economic structures, writes the liberal conservative daily Die Presse: "The country on the southern tip of Europe lacks not only a restructured budget but also a functioning economy. The result is that aid money and investments bear no fruit and require endless additional rescue packages. Apart from the efficient shipping companies (which run under Greek ownership, it's true, but with foreign tax registration numbers), the country has an enormous number of tax evaders and closed sectors. Whether it be pharmacies, taxi drivers, law offices, transport companies or architects, competition has been eliminated practically everywhere, greatly reducing the already low productivity. Only when these sectors are opened to competition (as is stipulated in EU agreements in any event), will fresh capital once more pour into the country."

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