How to save Greece?

Greece cannot be saved, if their economy cannot be developed. Saving Greece can only be possible with natural economic remedies implied in the past years before 1980’s. Big bosses of the world want to see more VAT, less income for people (sophisticated slavery) and less money for retired people. However all these capitalist ways for cure will not propel development and sustainable economy but suggested remedies will destroy their already crippling, ill-fated economic structure deeper. Well, same symptoms are also observable on other Western countries as well.

So what is the answer to Greek problem? What can create a propulsive force for bumping up big engine of Greek economy?

1. Mainly, bring back 1970’s natural economy conditions. No VAT. So, start by scrubbing VAT.
2. Increase tax for high rate incomes and corporation profits up to 70% plus.
3. Bring a “Windfall Tax” to ease next two or three year’s debt payments.
4. Nationalise utilities which are largely used by public, say more than 95%, such as electricity, gas, water, transport, communication etc. These service profits are created by public and benefits of them should go to the public thus paying less tax.
5. Come out of EU if it becomes necessary. Austerity measures will upset 99% of Greeks but economy will still keep its poor condition, only upsetting less than 1% of the population will bring recovery and healthy economy. One example there will be a boom in tourism and export goods. If in a country national debt constantly increasing along with the unemployment, economic system needs urgently laying on the table to find out new route to stop going downhill. Otherwise same efforts, same path will give the same result which is not rational.I believe only way to save Greece can be achieved by implementing methods I suggest. VAT is the main obstacle for economies running smoothly with effect on economy slowing it down. Thus will also be a role model road map for the rest of sick economies of the world. Can Greece make the difference they need!

Erol Başarık (Economist)

The Leader of Reform 2000 Party