Greece: Secures a Further 6.8 billion EURO of Bailout Money

6.8 billion: not bad for a Soviet democracy!

Greece is to receive yet another bail-out instalment; not bad!

The performance of successive Greek governments in recent years has been nothing short of text book best practise in do nothing and / or, otherwise put, preservation of the sub-species -- preserve own own. In four years of "reforms" not ONE job has been lost in the Public Sector & State-owned companies in Greece: clearly, the Greek governments are protecting their own -- the Greek public sector payroll.

At all cost.

The private sector is dessicated, but that does not seem to daunt Greek politicians at all; unemployment is hardly on the Parliamentary agenda even though, at ~37% of the private sector workforce it is well above anyone else's in the EU club.

Indeed, in the words of one Greek senior civil servant, Greece may be the only "western developed democracy to be under Soviet rule". Within the Ministry of Finance, private initiative is still seen as suspicious and, largely, fraudulent and exploitative and to be closely monitored at all times.

In Greece flexible employment schemes are suspicious and legally reprehensible (i.e. temporary employment is prohibited unless there are exceptional & transitory reasons).
Investment is not particularly welcome and therefore filtered VERY closely through a web of administrative hurdles & licenses -- the latter sometimes taking years (or greased palms). The gold-mines in Northern Greece are still lacking a few documents that would allow them to operate -- and employ people by the same token.

The list can go on, but the important point to make is that, contemporary Greece is a unique case study of paradox and exception to common sense of any kind.

And, maybe, as such, it has some educational value...

Alternatively, and if the Greek powers that be continue in doing nothing, there will come the moment when Greeks will have to pay breathing & living rent o foreign landlords.

It is difficult to understand why the politicians presently active in Greece fail to see what everyone else does see?

A German firm suggested that a private "experts task force", comprising top class experts, could  implement reforms in Greece much better than any government -- if only because politicians are beset by considerations which would be inapplicable in the case of private individuals.
Maybe.
IF the target is, to make Greece viable and still belonging to its indigenous population, then anything that can do the job goes.