Inflation: Reforms or statism?

"What profit margin did your business operate at in the last financial year?" This was one of the questions asked by PricewaterhouseCoopers to around 4,700 CEOs of large companies around the world, as part of its 27th annual global survey of their assessments and forecasts for the economy and for the business they lead. Seventy-eight CEOs of Greek companies participated in the survey.

The answers are interesting: Globally, the profit margin stated was 10.8%, in Western Europe it was 11.1%, in Central and Eastern Europe 10.5% and, in Greece, 15.8% - almost 50% above the global average.

In Greece the profit margins are higher because many companies operate under a regime of protection from competition, and they have the ability to work with margins that are not found elsewhere

Of course, the sample was not representative, the numbers...