Greek bureaucracy hamstrings shrimp farmer

Just over a decade ago, Napoleon Tsanis set out from Sydney with EUR 11 million and a dream to build a shrimp farm in his ancestral homeland.

What he got was years of wrestling Greek bureaucracy and a court battle with a civil servant. Tsanis eventually opened his shrimp farm, but even now the Greek-Australian has managed to invest just EUR 2 million (AUD 2.5 million), and that thanks to sheer stubbornness and a strong Australian dollar that has kept his venture profitable despite the delays.

Ask him for the root cause of Greece’s crisis and his answer is simple: the enormous regulatory burden that he says crushes the country’s economy.

Click here to read the full story from Reuters >


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