Greece: The Need for Innovation

From Kathimerini  Alexander Kritikos

"Starting and running a business in Greece requires exceptional patience to navigate the Kafkaesque bureaucracy. The overregulated legal framework stops many entrepreneurs before they even get started. As a result Greece has thousands of relatively small businesses that cannot take advantage of economies of scale. Most firms are in low value-added sectors, such as tourism, beverages and the food industry. None requires serious investments in research and development"

But Greece has hidden assets.