Finance Minister Yanis Varoufakis is quoted in the Ekathimerini as follows: "I’ll say, 'Help us to reform our country and give us some fiscal space to do this, otherwise we shall continue to suffocate and become a deformed rather than a reformed Greece'." The proper EU answer to this request should be as follows:
"In October 2011, the EU Task Force for Greece (TFGR) was formed with the mission statement that it is 'a resource at the disposal of the Greek authorities as they seek to build a modern and prosperous Greece: a Greece characterised by economic opportunity and social equity, and served by an efficient administration with a strong public service ethos'".
Put differently, the TFGR is like a platform which organizes the best resources of all EU countries to help Greece in supporting growth, employment and competitiveness, in enabling growth through reform of Greek public administration and in maintaining progress towards fiscal consolidation. Who has the best educational system? Finland? Ok, get them down here ASAP! Who has the best public service? France? Ok, get them down here ASAP! Who has the best social re-destribution system? Austria? Ok, get them down here ASAP!
For over 3 years now, I have been lamenting in this blog that Greece did not really take advantage of the TFGR. Here is one of my major appeals. Perhaps the new Greek government will wise up to the fact that they have a tremendous resource at their disposal. A resource where other developing economies might say "We should be so lucky as to have such a Task Force!"