Tag Archives: Greece

THE GREEK ECONOMY AND THE GREEK UNIVERSITIES

Without effective higher education that includes significant R&D, it is very difficult for Greece to achieve economic development and social progress at rates that will accelerate her convergence with the other European Union partners.

The picture at Greek universities is very disappointing. Universities in Greece do not have the necessary autonomy. They hardly conduct any R%D. They have no continuous “dialogue” between universities and society. The universities produce graduates without the education / training required to work for the country’s progress. Graduates are not absorbed by the labor market while the country is losing ground in both educational level and competitiveness, holding down its growth rates and undermining convergence with the other EU countries. The universities should continuously search for the trends and requirements in society and economic life with a view to their graduates’ integration.

Progress and development should not only be measured by whether Greece has, for instance, more roads or cars than in the 1970’s, but also by its present situation in relation to other countries. Greece’s position on this comparison is not at all flattering, but what is worse is the inability of the system to adapt and keep abreast with present requirements.

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Trichet and the others

Alexis Papachelas is a guest editorial writer to The Business Thinker. He is currently the Executive Editor of the long standing and highly respected daily Greek newspaper “Kathimerini”.

 

The deficit in political leadership that we witness on a daily basis is truly frightening and, unfortunately, not limited to Greece. We see it all over the world, and especially in Europe. For example, the cacophony over the past few weeks in regard to the very sensitive question of Greece restructuring its debt illustrates that something is awry.

Prime ministers, ministers and central bankers are expressing conflicting opinions without once inspiring the belief that somewhere, in some dark room, a real plan, a systematic and long-term plan, is being drawn up. This leadership vacuum in the European Union heightens uncertainty over where the EU, the eurozone, the Schengen Agreement, this entire European construct, built with so much effort, is heading.

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Political reboot–Greece

Publisher’s note: This editorial is recommended for reading to those that are considering investing in Greece.

Alexis Papachelas is a guest editorial writer to The Business Thinker. He is currently the Executive Editor of the long standing and highly respected daily Greek newspaper “Kathimerini”.

 

George Papandreou is left with little room for maneuver and Greece is going downhill. What we really need is a political reboot. But first, we need consensus, a consensus based on a social contract regarding the basic objectives.

That said, the premier cannot expect to achieve consensus without first making some concessions of his own. That will take a great deal of political courage and a significant degree of liberation from the old PASOK mentality that is deeply rooted in his DNA.

Papandreou, for example, cannot ask other parties to cooperate before first admitting to his own mistakes as opposition leader — like his refusal to back education reforms and the overhaul of public utilities.

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