Attracting investments

What the country needs is investments that will generate new jobs. Prime Minister Alexis Tsipras must have realized by now that this will not come from Venezuela or investors with an ideological affinity to SYRIZA. Investors – including the Chinese and the Russians – require a simple tax system, less red tape and a stable environment.

Potential investors would consider investing in Greece if the majority of the country’s political system pledged to do everything in its power to attract, facilitate and respect their businesses.

Can Tsipras tame his party and his cabinet? Is he in a position to take a few major decisions capable of changing sentiment abroad and re-positioning Greece as a destination for international investment?

In words, perhaps, but in practice, this would require confronting his comrades, the deep Greek state fighting entrepreneurship and possibly himself. But there is no other road left for him to take because the revenues that can be generated by over-taxation are not endless.