Now, after four bailouts, a restructuring and a bond buyback,, is the time for change in Greece.
- Time to change things in labor, product markets; competitiveness was a banned word in Greece
- Reforms will begin to be felt within the year
- 2013 is a touchstone year for Greece
- Bond buyback a tough taskl will reduce debt
- Bank recap will be done in coming weeks
- Next task is to draw investment
- Must build confidence in Greece internally
- Deposits must return, taxes paid
- Greece must generate primary surpluses
- Tax system must be simpler