The other face of Greece

Solar water heaters are seen on rooftops in Athens March 7, 2013.

Greece has experienced serious economic turbulence since 2010 due to its hugely inefficient state, large administrative costs, and various rigidities in product and professional markets, to name just the most burdensome constraints to economic prosperity. However, very few observers are familiar with the other face of Greece—that of a country that despite all its shortcomings, constitutes a place with plenty of idle resources that, if mobilized appropriately, could kick start the economy. The message now to the global investment community should be that the country is ready to welcome them.

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