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Investment Is the Missing Ingredient as Greece Rebuilds Economy

Social costs remain high as more investments are needed to drive unemployment below 20%

Pedestrians enter a metro station in Athens, Greece, on Wednesday, June 14, 2017. Prime minister Alexis Tsipras has spent nearly two years telling Greeks that a debt deal and inclusion in the European Central Bank’s quantitative-easing program will unleash an investment boom that salves the pain of austerity.Photographer: Kostas Tsironis/Bloomberg

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By Marcus Bensasson

October 16, 2017 at 12:00 AM EDT

This article is for subscribers only.

Greece’s recovery from its economic tragedy is still waiting for its last act.

While momentum is now building with green shoots sprouting in sectors ranging from manufacturing to retail, the key staple of investment is still missing.

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