The Greek Economy Explained
"In terms of overall ease of doing business, Greece comes in 109 out of 183 countries around the world.
It is dead last among the 27 members of the European Union as well as the advanced economies in the OECD.
You have to go up 30 slots to find the next worst EU performer, Italy. The U.S. ranks fourth and Singapore is first.
At 109, Greece ranks below such models of transparency and free enterprise as Egypt (106), Zambia (90), Rwanda (67) and Kazakhstan (63).
A country has to work hard to do this poorly.
The Doing Business survey reveals an economy that's hostile to free enterprise and private property, primed for corruption, lacking in labor and capital mobility, stifled by powerful trade unions and unlikely to grow without deep-rooted changes."
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