'..this nascent Greek digital renaissance .. probably wouldn't have happened without the economic crisis .. the future remains full of opportunity for Greece .. a key hub for radical innovation in our digital economy.'<blockquote>'And yet, amidst all the despair, there is a rebirth going on in Greece. It's a digital renaissance and it's being pioneered by a new generation of talented young Internet entrepreneurs who are trying to reinvent not only the Greek economy and society, but also Greece's role in today's global economy.
The irony of this nascent Greek digital renaissance is that it probably wouldn't have happened without the economic crisis. In pre-crisis Greece, most Greeks grew up wanting to be public servants. But now that the old clientist state cannot offer lifetime sinecures for university graduates, young Greeks coming out of university now have little else to do except invest their labor in start-ups.
..
..there is something very promising brewing in this nascent Greek digital economy.
So what could go wrong with this budding digital Greek renaissance?
The biggest problem, of course, remains the oppressively bureaucratic Greek state that, in spite of the crisis, continues to be a major obstacle to entrepreneurial innovation. "Failure in Greece in penalized," John Doxaras told me about a system in which entrepreneurs can end up in jail if they bankrupt their companies. And every Greek start-up entrepreneur I met complained bitterly about arcane and ever-changing bureaucratic regulations that make setting up and running a company frustratingly complex and time-consuming.
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..the future remains full of opportunity for Greece's young digital entrepreneurs. It won't be easy, of course. But a country best known for its antiquities might turn out to be a key hub for radical innovation in our digital economy.'
- Andrew Keen,
Can the digital revolution rescue Greece from economic crisis? July 13, 2012</blockquote>
Context<blockquote>
EntrepreneurshipFour Hundred Years of Dynamic Efficiency‘…there must be prior savings and investment…’Economic Recessions, Banking Reform, and the Future of Capitalism - By Jesús Huerta de Soto(EU) - European Investment Bank - '..supporting European R&D projects..'Europe. Economics & Energy - IT - Transport</blockquote>