As you know, there is a cumulative loss of 25% of Greece’s GDP as a result of the consolidation programmes and internal devaluation during the last five years. Capital formation has dropped by more than 60% in the last 7 years: from € billion in net investment in 2008 to –13 billion today (2008: € billion gross investment, depreciation € billion.
2015: € billion gross investment, depreciation € billion). So very few would disagree that the country now needs an investment shock. The question of course is where such a shock might come from, given that an adjustment programme is in place.