Rebooting Greece: How to Get Its Economy Going Again

After so much pain, Greece must now figure out how to get its economy back on its feet
Rebooting Greece: How to Get Its Economy Going Again
Demonstrators display the Greek flag in front of parliament on July 15, 2015 in Athens, Greece. Milos Bicanski/Getty Images
The Associated Press
Updated:

ATHENS, Greece—After so much pain, Greece must now figure out how to get its economy back on its feet.

The scale of the country’s financial problems is mind boggling — a full quarter of the economy evaporated in the past six years and business activity is now plummeting further. Government cuts needed to qualify for a new bailout will hurt incomes for years to come.

The advice to Greece from economists is simple: focus on the basics.