Can Greece become competitive overnight? | Alessio Terzi at Bruegel.org

This is an important, must-read article from think-tank Breugel, citing latest research. Check it out!

via Can Greece become competitive overnight? | Alessio Terzi at Bruegel.org.

Let me give you a flavor:

Clearly, the latest competitiveness rankings do matter in so far as they illustrate how further and significant progress is yet to be made. However, it would be naïve to believe that a country with admittedly limited administrative capacity, high corruption levels, political instability, and severe spending constraints could achieve top scores like Denmark or Latvia overnight. Possibly it’s also thanks to these reforms that Greece has returned to growth in 2014 – and this is something also the new Greek government should acknowledge, before hastily unraveling the efforts of the past.

Greece has made enormous progress but the new government may well push the clock back, with extreme demands on creditors.

There are no magic solutions. But there are choices, with their respective risks. Then, of course there is the world of ‘unintended consequences’. I hope that the citizens of Greece do not live to regret their choice of government.

Thoughts?

5 Global Risks You Should Care About Right Now | TIME

English: A table depicting some example existe...

English: A table depicting some example existential risks. (Photo credit: Wikipedia)

English: ISMS activities and their relationshi...

English: ISMS activities and their relationship with Risk Management (Photo credit: Wikipedia)

English: End to End Risk Management Process

English: End to End Risk Management Process (Photo credit: Wikipedia)

English: The Risk Management Process for IT Sy...

English: The Risk Management Process for IT Systems according to ENISA, following ISO 27005 (Photo credit: Wikipedia)

This article from Time is worth a read. Check it out!

via 5 Global Risks You Should Care About Right Now | TIME.

Personally, I did not think that the article lived up to the expectation of the headline.

As a professional, I have been working with risk management for decades. The subject is well developed. Sadly, the Time article was more about fear than context, process and effective  mitigation.

Thoughts?