The Seven Wounds of Greece and the Next Day

Nicholas Economides

By Nicholas Economides

If we apply the solutions I described, there is the credible expectation of very fast growth that Greece has not seen in decades.

By Nicholas Economides

After years of mismanagement, corruption, lack of meritocracy, and multiple step-backs on national issues, the government supported by Syriza and defectors from other parties, Greeks will soon have an opportunity to elect a parliament. It is very likely that the new government will be under the New Democracy leader, Kyriakos Mitsotakis.

The superior quality of a Mitsotakis government compared to the government of Syriza and defectors will be obvious. However, Syriza leaves Greece in a chaotic condition with huge problems that require immediate and decisive solutions.

First Problem: Turkey attempts to re-establish the Ottoman Empire. Its major opponents are Israel, Greece, the United States, Cyprus, Egypt, Saudi Arabia, UAE, the Christian countries of the Balkans, and others. Mainly, these are countries of the region that were occupied by the Ottomans. The solution is simple: Greece should establish the closest possible military cooperation with Israel, even leading to a treaty of mutual defense. Closer cooperation with the United States and moving US bases from Turkey to Greece. The climate in the United States is very favorable for Greece. Greece needs to spearhead the creation of an anti-Turkish coalition with the Arab and Balkan countries that see the Turkish territorial ambitions against them.

Originally published in Greek by Kathimerini. Read the full English translation here.

Nicholas Economides is a Professor of Economics at NYU Stern School of Business.