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Greek crisis: It’s not about growth. It’s about governance

Author: 
Katsimardos Petros, Bouas Konstantinos, Dr. Rossidis Ioannis and Dr. Babalioutas Labros
Subject Area: 
Social Sciences and Humanities
Abstract: 

At a time when the economic crisis is identified has one of the main problems, state administrations are asked to come up with the most effective solutions. The effort focuses on the activation of development mechanisms in order to heat up the economy by limiting the recessionary pressures. A prime example is the Greek crisis and the effort of finding the appropriate response measures. The focus on activation of dormant mechanisms of economic development is a difficult yet one-sided way to address the economic crisis. Particular attention should be given to the restructuring of the administrative system which is largely responsible for the inefficient management, bureaucratic structure and the delayed response to administrative requirements, rendering the tackling of to the current economic crisis an extremely difficult task. Gradually it becomes clear that in order to overcome the crisis, we must first sanitize the system of governance and secondarily develop appropriate development tools that will lead to economic consolidation.

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