Various experts and commentators have in recent months taken on the problems of the Greek economy, stressing the importance of structural reforms and investment as a way out of the crisis in the long term.

In his article Greece’s Problem Is More Complicated than Austerity in the Harvard Business Review, London Business School Associate Professor Michael G. Jacobides points out that ‪ even though the Greek bailout deal is fiscally punitive with little macroeconomic sense, it nevertheless presents an opportunity to implement the necessary structural reforms, removing institutional barriers to competition and innovation, and creating a sound basis for economic growth and development.

Alessio Terzi’s paper Reform Momentum and its Impact on Greek growth for the Brussels based Think Tank Bruegel, proposes the swift implementation of growth-supporting structural reforms in Greece for a speedy transition to a new growth model based on the private sector, improving the business environment and the quality of institutions, liberalizing product markets and shifting taxation away from labour in the direction of consumption.

In his blog post Supply side issues in the new Greek programme, Greek economist and commentator Aristos Doxiadis proposes ways of attracting Foreign Direct Investment and limiting unnecessary costs to tradable sectors.

EU funds for investment projects should be channeled, if possible, by fast-track to infrastructure investment in Greece, while an Institution for Growth, involving development bank funds, should be revived and expanded.

In favour of public investments for Greece, the director of the Macroeconomic Policy Institute (IMK) in Düsseldorf Gustav Horn, in his article Can Greece Invest its Way Out of the Crisis? for Deutsche Welle, points to an evaluation by more than a hundred international studies, showing that public investments, even on credit, are the best way to stimulate growth and may just hold the key to long-term success in Greece.