The fiscal multipliers were calculated after the fact and they were found to be so big because for three years now instead of deregulating the market, instead of implementing the necessary reforms, we have made zero progress.
Sadly the labor movement drowned in the sea of petty unionism.
It seems that this country will never be able to enjoy a rule of law where offenders are punished regardless of the color of their flag and their supposedly higher ideals.
The labor reserve plan did not even get a chance to fail. Rather, much like the law on university reform, it was never even put into force.
For the past three years, Greek politicians have behaved much like college kids.
We stand at Thermopylae, unmoving, shouting “You shall not pass” at potential investors, probably allowing our lot time to complete the job.
If the leftwing coalition were to win Greece's election, it would still have to follow more or less the same policy as other parties.