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Ilias Sourdis Headshot

Greece Is Better Off Outside the EU

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Greece throughout her long history endured much worse situations and was always able to overcome them and survive.

Joining the European Economic Community (EEC) was a big mistake because Greece was not an economic or industrial power seeking expansion. Let's face it. Greece cannot compete with the economies of Germany, France, UK, Holland, etc., and therefore has no future in the EU (European Union).

Greece will never be in a position to compete with such big powers and must get completely out from the union now, implement some of the following measures and find again her way to progress, economic growth and national optimism for a future far better than the bleak one within the EU.

Withdraw from the Eurozone and European Union

We have heard several EU officials saying that Greece -- in order to become competitive again -- must leave the Eurozone. This suggestion presents the best opportunity to leave the union because Greece does not deserve its current humiliating status. Greeks have been characterized by their supposedly EU partners as lazy people, ignoring the fact that low paid Greek immigrants contributed in building the economies of Germany, Australia, Canada, the U.S., etc. They can rebuild their own economy too without the illusionary assistance of unwilling benefactors.

The epithet "lazy" is appropriate for corrupt and empty-headed politicians whom the suffering Greek population must send home and ban them permanently from holding any public office.

Declaring Greece an "import and export tax-free" heaven

This will make the country an attractive investment destination. All types of revenue-generating activities such as international conferences, trade shows, cultural events, free economic and trade business centers, favorable to shipping business sector laws, will contribute to the national economy and create employment opportunities for Greeks.

Open negotiations to set up regional depots and assembly plants

Invite international manufacturers to establish regional depots and offices in Greece to be close to European, parts of Middle East and North African markets. The strategic geographical location, together with the import tax-free or reduced tax environment can make Greece among the most preferred business centers in the world.

Respect individual currencies and avoid monopolistic currencies

Enter into bilateral agreements with various countries on business conditions based on mutual respect for each other's national currencies on settlement of payments and avoid dependence of the national economy on the monopolistic currencies of USD, EURO, and YEN etc. Greece is a small economy and does not need a large volume of trade to survive and develop better than any outside help, advice, dictates and influences.

Re-circulating the Drachma

Bringing back the drachma will benefit the big Greek tourism industry, which will become the most attractive and budget-competitive tourism destination in the world, as the conversion of foreign currencies will have higher value in drachma for the tourists. Prices quoted on the Greek drachma, together with the tax-free or reduced tax environment, will result to adding more value to the holiday's budget -- therefore making Greece very affordable and overwhelmed with tourists from every part of the world.

A thriving tourism industry will substantially help the Greek economy and create many new job opportunities for Greeks.

Re-circulating the drachma will create an unfavorable business environment for many multinational companies in Greece such as Carrefour, LIDL, Cash&Carry, Día, CHAMPIONS, IKEA, Praktiker, etc., would have to either use only locally produced goods or import their goods using the drachma to pay their suppliers. Their profits can only be repatriated in drachmas to their mother companies.

Calculating simple numbers we can see the large scale bleeding of the Greek economy by the multinational chains operating in Greece. If the 11 million Greek consumers spend a minimum of 200 euros monthly each to buy Greek products, the country will have more than 2.2 billion euros circulating monthly in the market. This is beyond any doubt the sponge that absorbs every single euro from the pockets of Greek consumers causing additional hemorrhage in the national economy.

Regulated immigration in Greece

Greece is not against legal immigrants for specialized services, but due to financial constrains, specific restriction must be accepted if the immigrants indeed want to work and live in Greece.

The return of the drachma and the regulated export of foreign currencies will discourage illegal immigrants therefore stopping the billions of euros exported every year from Greece and at the same reduce the social problems created by illegal undocumented immigrants.

Boost Greek shipping companies

Initiate negotiations, with the Greek shipping companies located abroad to find ways for mutual benefits and bring them back to Greece to enhance more shipping activities and further help the Greek economy including creation of new jobs. Given the large Greek merchant marine fleet, efforts must be exerted to the possibility of converting it into large global corporations and compete internationally to obtain better trade terms and making Greece a major shipping center of the world.

Politicians should not hold office for more than two terms (2 X 4)

Term limits in holding public office for politicians to maximum two terms of five years each will deter re-elected corrupt politicians to rule perpetually. Banning permanently lobbyists or political offices and declare illegal secret closed doors negotiations for procurement of services, military supplies and other important purchases of substantial value and instead do all such negotiations publicly will help prevent crisis similar to the present one.

Pursue war reparation claims

Pursue with serious determination through the international courts, the war reparation claims for the hundredss of thousands innocent victims including the destruction of the country by Germany's invasion and occupation. The USD $3 billion occupational loan imposed on Greece during WWII by the German Nazis is still unpaid.

The above are the thoughts, beliefs and ideas of the undersigned with millions more to follow. The priority now is to empty the Greek parliament of its present members and fill it with fresh faces and ideas for a new page in the Greek political history.