If Greece were a company, to run it would probably be the most attractive job in the world for a turn-around manager. Why? Because paradise on earth for a turn-around manager is when the problems are so obvious that they can immediately be attacked, and when the mess is so big that already the first few corrective steps will produce visible results.
As this NYT article suggests, when an economy's potential is as underused as that of Greece's, the pressed-spring theory says that a giant leap forward can quickly be achieved. This is what I once wrote about a 7-8% annual growth potential for Greece.
To read more, click the following link:
Griechenland - Greece: What Greece makes, the world needs. Really?
