CLC’s team, led by Mr. Binopoulos Xenophon, BBA AUEB, and Mr. Papadimitrakis George, BSc Maritime Studies, University of Piraeus, mentored and supervised our students Chatziioannou Dimos, Manolopoulos Andreas, Nikolakaki Vasillia, Orfanidis Vasilis, Pitsakis Nikolas, and Papapanagiotou Stelios, to carry out a research project on the competitiveness of the Greek Economy.
The competitiveness of the Greek Economy is determined by various factors, including the ambition of firms to outperform their competitors and the existence of a fair business environment. The Greek Economy faced significant challenges during the Greek debt crisis in 2010. For over eight years, Greece was under the oversight of the IMF, EU, and European Central Bank. Austerity measures, high taxes, increased unemployment, and brain drain were some of the consequences faced by the country.
To improve the competitiveness of the Greek Economy, critical efforts are required from the government, businesses, and other stakeholders. Reforms aimed at enhancing productivity, reducing costs, and promoting innovation need to be implemented.
While the Greek Economy has faced challenges, efforts to enhance competitiveness through reforms, infrastructure investment, and collaboration between government and businesses are essential. Leveraging the strengths of the shipping and tourism sectors, as well as addressing obstacles such as bureaucracy, high taxes, and the underground economy, can contribute to sustainable economic growth and strengthen the overall competitiveness of the Greek Economy.