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...professor at the Athens University of Economics and Business, says the mess may have a positive side. For the first time in recent history, he says, there's widespread consensus in Greece that radical reform is needed. "Now it's a choice between survival and nonsurvival of the state," he said. "The range of dissenting choices is limited...
...when the pistol sounds, so he prays. "You idiot! Run!" the starter screams. That spurs the soldier into action, and the naive confusion on his face turns into determination. Extras from the Bengal Sappers - actual young army recruits who live on the base in Roorkee in northern Uttarakhand state, where the movie is being filmed - crowd around the sidelines as he lowers his head and takes...
Most Greeks agree that the tax system (see following story) and the bloated public sector, nicknamed "the country's sickest patient," are at the root of Greece's current problems. In a country of 11 million people, almost 850,000 workers are employed by the state, which means they receive 14 monthly paychecks instead of 12. Many enjoy a work day that runs from 7:30 a.m. to 2:30 p.m. "The state must change the mentality of the public employee," says one investor and economist, Timos Mellisaris, who calls Greece's public sector "the last communist frontier." Greeks like...
...make a real break with the past, the Greek state must also go global, say business executives and business analysts. Athens needs to lure foreign investors aggressively, which means offering everything from tax breaks to helping investors navigate the bureaucracy associated with setting up shop. "We must transform Greece into a welcome place to do business," says Eurobank's deputy CEO Nikolaos Karamouzis. The potential for future investment - in tourism and renewable energy in particular - is promising. Wind-energy generation alone is expected to increase fivefold in the next decade. "The new Greek government seems determined to push the 'green...
...their tractors along Greece's highways to protest plans to cut subsidies. At one point, delivery of produce on the country's northern borders ground to a halt. The Prime Minister has appealed to the farmers' sense of patriotism, but a long season of strikes is almost a certainty; state employees have a 24-hour protest planned for Feb. 10. (See 10 things to do in Athens...