Today, Greece is at breaking point. Greek citizens have suffered an unprecedented decline in income. Additional sacrifices are not possible. This difficulty is intensified because there is no clear prospect of exit from the crisis. It is required immediately to give developmental targeting to the country, by searching and specifying its comparative advantages and correcting its structural problems. Otherwise, the Greek economy will continue to wobble in an environment of prolonged deep recession and high unemployment. According to provisional figures by Hellenic Statistical Authority (EL.STAT.), the decrease in GDP for the second quarter of 2012 reached 6.3% and unemployment in July reached an unprecedented rate of 25.1%.
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