Productive standard?

Recently, both the Bank of Greece and a team of economists at Alpha Bank sounded the alarm: The production gap - i.e. the difference between the GDP we produce and what we could produce with full exploitation of the available production tools - reached zero. For the economy to grow, investments are needed. Otherwise, prices will keep rising. In order to attract investments (and not just a few data centers for cheap labor or placements with low risk and high profits in real estate), prayers are not enough. What is needed is reforms and a new economic model.

Changing the economic model, as a slogan, is on everyone's lips. As an action, however, it is absent from the pre-election party programs.

This speechlessness is not new. Greece is not active in the debates taking place in Europe's institutions on the revitalization of its productive base (eight months after Joe...