No rules or principles

We have supposedly understood why we went bankrupt and made some effort to change in the past 10 years, but a crucial step has been missed: For Greece to finally emerge from the crisis completely, the private sector also needs to undergo a radical overhaul. There is so much that is seen and heard - but goes unproven - indicating that there is a whole lot wrong with the private sector.

We are under no illusions that German or American companies are free of scandal and operate in an angelic world, but the situation in Greece has just gone too far. That part of the private sector which depends on the state for its survival grew to uncontrollable proportions in the 1980s and has since corrupted the political system, the media and even the very state itself. It is constantly embroiled in a ruthless power game whose end-goal is to prevent anyone else from getting a slice of the pie...