Why are profits so low?

Why are wages so low, why are we in last place among the EU's 27 member-states in the average hourly wage in terms of purchasing power - even below Bulgaria? Because Greece went through a more than 10-year economic crisis that set us back a long way, is the answer of the government (and others).

Try replacing that question with this one: Why are we last among the EU's 27 member-states in house prices and rents and their increases? Or another one: Why are we in last place among the EU27 in the level and rise of company profits? If, again, you find it difficult to imagine the last two questions, you would not be wrong. On reason is because, unlike the first question, the other two do not correspond to reality. The debt crisis did not prevent either land values from recouping their losses or business and other profits from quickly catching up.

Of course, the different...