Greece’s tax system needs to be revamped, and the revenue authorities must be freed from political and corporate influence. The pension system is ailing. The economy’s credit circuits are broken. The labor market has been devastated by the crisis and is deeply segmented, with productivity growth stalled. Public administration is in urgent need of modernization, and public resources must be used more efficiently. Overwhelming obstacles block the formation of new companies. Competition in product markets is far too circumscribed. And inequality has reached outrageous levels, preventing society from uniting behind essential reforms.
Read more at http://www.project-syndicate.org/commentary/greece-debt-deal-by-yanis-varoufakis-2015-04#07pqOdBQdwKEs1Tv.99
Read more at http://www.project-syndicate.org/commentary/greece-debt-deal-by-yanis-varoufakis-2015-04#07pqOdBQdwKEs1Tv.99
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