Greece has to present a well-designed reform program to its European partners in order to reach a new agreement stated Dr. Karl-Heinz Paque, Vice President of the Friedrich Naumann Foundation for Freedom. Speaking with Greek Liberal Monitor, Dr Paque, stressed out that the Greek Government must go away from the idea of state dominated economy and has to clearly recognize that the potential strength of the Greek economy is in Small and Medium Sized Enterprises.

Key points:

On the possibility of a “Grexit” or a “Graccident”:

“It might happen. It’s not at all desirable but it’s a real like hood that it will happen”

On reforms vs austerity:

“Austerity has been dominant in Greece in the last four to five years… but in 2014 already there was a visible stabilization… In a way that means that Greece has hit rock-bottom… but in order to make the economy grow in a sustainable way reforms have to come up”

On the Greek economy:  

“…The Greek Government must go away from the idea of state dominated economy and has to clearly recognize that the potential strength of the Greek economy is in Small and Medium Sized Enterprises…”

You can watch the whole interview