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In Greece, a Brewer's Dream Runs Into Frustration
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The problem of poor competitiveness in Greece which is stifling the economy. A recent analysis by research firm Variant Perception based in London, shows severe pricing distortions in the Greek economy. The cost of labor in Greece from 2005-2010 was, on average, 25% higher than in Germany. And small business is muffled by the bureaucracy and old rules and restrictions. Compared to Greece, Ireland, Portugal and Spain have lower labor costs. This increases the trade deficit for Greece. Greece has one of the highest number of lawyers per capita in the world, one lawyer for every 250 people compared to 272 in the US.
Lack of competitiveness in the economy of Greece
01/29/2011
Grouped Articles
New York Times 09/25/2011
In Greece, a Brewer's Dream Runs Into Frustration
New York Times 01/29/2011
Gap in Competitiveness Weighs on Europe, Analysts Say
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Greek Premier Is Tested in Impasse Over Pay Cuts
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