PwC study: Greece needs investment boost

An additional 22 billion euros per year will be required for the next five years for the country to achieve a healthy growth trajectory, according to a study presented on Thursday by PricewaterhouseCoopers (PwC), echoing a similar report by the Hellenic Federation of Enterprises (SEV).

The PwC study explained that this extra 110 billion euros of investments would not lead to an economic miracle, but rather would simply allow the gross domestic product to improve on its current stagnant growth rate and reach 3-4 percent.

The consultancy's officials expressed pessimism regarding the country's growth in the years to come. This year, they said, the growth rate will likely fail to make the 2 percent mark regardless of the outcome of the country's negotiations with its creditors on Greece's exit from the bailout process and the restructuring of the Greek debt.

The study...