Why is the Greek economy doing so poorly? To set up an online store to sell olive-related products to mostly foreign buyers takes months of navigating the Greek government bureaucracy.
Antonopoulos and his partners spent hours collecting papers from tax offices, the Athens Chamber of Commerce and Industry, the municipal service where the company is based, the health inspector’s office, the fire department and banks. At the health department, they were told that all the shareholders of the company would have to provide chest X-rays, and, in the most surreal demand of all, stool samples.
Very messed up. If the Greeks want more jobs and an end to declining living standards they need to take a hatchet to government regulatory processes.
|Share |||By Randall Parker at 2012 February 26 04:26 PM Economics Regulatory Obstacles|