New investment, by facilitating innovation and the introduction of new technologies, will both broaden the export base and improve the quality of Greek exports, raising total factor productivity of the Greek economy. In turn, this will make the reduction in the external deficit sustainable and increase potential output over the medium-to-long term. Therefore, Greece needs a substantial amount of foreign direct investment (FDI).
(2)  Fundamental changes in policy design, particularly in the health and pensions sphere, in order to contain the cost of the public sector’s social insurance commitment to the elderly population and to contain systemic cost-augmenting pressures in the medical sector; and  (3)  Measures designed to at least partially redress the influence of demographic trends on the workforce and thereby enhance growth rates and the government’s revenue potential.