The President of the Hellenic Republic Prokopis Pavlopoulos spoke about how young scientists are leaving Greece due to the crisis, as he received the General Inspector of Public Administration Leandros Rakintzis on Monday morning.
Mr. Pavlopoulos was prompted to comment on the “brain drain” in Greece after Mr. Rakintzis informed him that the greatest problem in the country’s public administration is the emigration of Greek scientists due to the crisis.
According to the President the brain drain will become worse as the financial crisis escalates and stressed that reversing this trend and taking advantage of what these scientists have to offer to Greece is one of the reasons to struggle.
Furthermore, Mr. Pavlopoulos explained that the regular change in legislation is a major disadvantage for the rule of law. He explained that people may break the law out of habit, unaware that it may have changed. As such, he argued, any changes must be thought out.
On his behalf Mr. Rakintzis reported that legal certainty is paramount for financial growth, since the constant change of rules and regulations dissuades investors away from investing, as they do not know what they may face in the long term.
Mr. Rakintzis also opposed the ease with which regulations are changed and favored the codification of regulation in critical sectors where it currently does not exist. The President responded that stable tax law is necessary for investments to follow.
