Elliniko: A recipe for poverty and corruption

One day it's Skouries, the next it's Elliniko. Not bad, for a government that at least recognizes the importance of attracting investors and actively tries to convince them to come to Greece, to commit funds, to utilize human resources, so that they can profit from their investment while also providing jobs to Greeks and boosting the economy.

After seven years of crisis and internal devaluation, the cost of investing in Greece has fallen to attractive levels. Moreover, even though many have left to seek a better life abroad, the country still has a lot to offer in the way of highly educated people in the realms of science and technology.

The issue is that besides cheap but high-quality assets and labor, it has nothing else to offer. It is unstable, unpredictable and untrustworthy to a degree that is dangerously self-destructive.

Elliniko offers a textbook...