Now Reading:

Cut Greece red tap to boost economy, says EU

world news

Cut Greece red tap to boost economy, says EU


The European Union’s regional policy commissioner Johannes Hahn has called for the Greek government to ease the process of investing in the country.

With Greece in its fifth straight year of recession, analysts think crippling bureaucracy is just one of the problems Athens needs to overcome before it can begin to see economic growth once again.

Hahn also claimed that Greece’s convoluted tax system need to be changed as it doesn’t assist new businesses to set up easily.

“There are still some obstacles for the moment not to invest and these obstacles are mainly related to bureaucratic problems, also in the area of taxation there is some unclear information, the long duration of court cases,” said Hahn.

Despite the talk of encouraging investment, a new poll suggests that most Greeks don’t believe their new coalition government can resolve the country’s problems.

Nearly a month after a re-run election, 66 percent of those surveyed by Skai TV and the Kathimnerini newspaper think Greece is on the wrong path.

Next Article