Structural funds and crocodile tears
Why the EU must share the blame for the Greek crisis
Misdirected EU aid has strengthened rent-seeking elements in the Greek economy and fostered political clientelism, writes Iannis Carras. Instead of learning from mistakes, current EU/IMF policy favours construction and privatization of state land, enabled through a legal sleight of hand. Quite apart from the environmental risks, this is counterproductive in economic terms.