April 27, 2024

Valley Post

Read Latest News on Sports, Business, Entertainment, Blogs and Opinions from leading columnists.

Nikos Karamouzis' dire warnings for the economy after 2025

Nikos Karamouzis' dire warnings for the economy after 2025

Mr. Karamouzis overemphasized the fact that Greece has the largest share of private consumption relative to GDP

Nikos Karamouzis sounded the alarm to obstruct Greece's development path. He spoke yesterday at a presentation of Cordia's activities.
Mr. Karamouzis indicated that “yes.”Today we have a positive development cycle with an entrepreneurship-friendly governmentbut There are critical issues where Failure to resolve it will lead to Greece after 2025 or 2026 “It will not be able to continue its development path.”
According to Mr. Karamouzis, Labor shortage And Severe demographic problem they have Thus increasing labor costs and this is a competitive disadvantage.
Meanwhile, mr Low rate of long-term investment And the Delays in crucial reforms They create a mixture that can only make us optimistic. This was mentioned by Mr. Nikos Karamouzis The agricultural sector is in a deplorable state Let us see that it should be emphasized Let's see what the Netherlands did 20 years ago Today, it is the second largest exporter of agricultural products after the United States of America.
Referring to the Greek entrepreneurship map, Mr. Karamouzis described: The problem is the lack of large companies in Greece Stressing that the number of large companies – as defined by the European Union – is twice as large in Portugal as in Greece.
This alone demonstrates the necessity of creating large schemes, because, according to Mr. Karamouzis, the schemes we have today, the majority of which are issued, are not sustainable.
Mr. Karamouzis exaggerated this fact Greece has the highest ratio of private consumption to GDP in the European Union Also this It cannot be sustainable.
He revealed that the government will soon introduce a new law that will provide incentives for acquisitions and mergers She expressed it I hope it's not like the last one This did not work and had zero impact on the economy.
asked Mr. Karamouzisi Conditions of competition All references are applied purposefully Cordia Group respects the law and agreements with customers The government must agree that everyone starts from the same line.
But in response to a question from the National Front about whether he had a specific proposal for the government, Mr. Karamouzis answered in the negative, stating that it was not the job of businessmen to ensure equal conditions in business.

Nikos Karoutzos
[email protected]
www.bankingnews.gr