This is the second article in a three-part series on Greece. Our objective is to solve the mystery of the missing keys to Greece’s next economic boom. In the prelude to this article, we alluded to the fact that we are beginning to see an increasing number of signs that point to an economic uptick in Greece. In this article, we will focus on two key areas that we think will offer the biggest delta on Greece’s next economic boom: Trade and Tourism.
As a country opens itself to connect with new partners, its ports of entry need to be tweaked to better reflect this new relationship. Significant investments will be needed in both ports and airports over the next several years primarily driven by the need to expand to cater for any meaningful increase in the volumes of trade and/or travel.
In the privatization spree of the past years, Greece has privatized its biggest port and most of its airports. Alas! The keys to Greece’s next economic boom are not held by the Greeks; they are firmly in the hands of the Chinese and the Germans.
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