They will point out that large parts of the Greek population reject the conditions of the programme as a “diktat” from Brussels and other capitals. So let me make clear upfront: the programme is the best option for Greece. The difficulties that Greece is currently experiencing do not stem from the programme.
Again, however, the magnitude of this phenomenon seems too small to explain more than a small part of the decline in employment over the past two years. Private-sector estimates of outsourcing are on the order of 1 percent of the gross job losses that occur each year.