Greek Economic Indicators - Right Focus on Tourism
Looking at Greece as an example of a country, a people, in dire need of a boom industry - it is easy to see the answer to the question above for some countries is "no," not nearly enough. With people across Greece suffering badly, one of the country's most lucrative and obviously impactful industries seems relatively forgotten where talk of solutions are concerned. To begin with the incentives for investment in Greece, where the government and key sectors is concerned, is either antiquated and/or ineffectual if not discontinued. The Investment Incentives Law, the National Strategic Reference Framework of 2007, and the Public Private Partnerships (PPP), quite obviously never worked well in the first place. According to the Invest Greece Agency, the Investment Incentives Law has been suspended as of this year too. The Greek government's strategies for economic growth for tourism seem largely focused on massive dealings with huge corporate travel entities, with seemingly little or no incentive or mechanism to elevate current sector proprietors. The land bonanza going on at Messinia, in the Peloponnese, seems a good example of what Greek government has tagged as "Integrated Resorts." This Costa Navarino website for Temes, reveals a lot about how development money and projects end up being spent - Starwood and Westin resorts and hotels being the showcased destinations for billionaire Vassilis Konstantakopoulos' vision for his home region. Not to be too critical here, but I would like to hear Mr. Konstantakopoulos' vision for Messinia, one of Greece's cultural end environmental jewels, replete with golf courses and pro shops. Not the ordinary visual of what Greece stands for is it? [caption id="attachment_18950" align="aligncenter" width="600"]
Costa Navarino Resort Golf - Duffer's paradise on the Ionian Sea[/caption]
Just as the Greek government builds roads and infrastructure of Messinia and similar areas to accommodate such real estate induced growth, one has to wonder at the cost effectiveness of spending billions to provide jobs for Messinia's less than 200,000 citizens? Or am I wrong?





