Liberalization of Closed Professions: Opening Pandora’s Box

On February 16, 2011, the Greek parliament plenary passed a bill on liberalizing so-called “closed professions.” The deregulation of closed professions, which has drawn strong criticism both from the opposition parties and members of the closed profession categories that will be opened, is one of the most important demands made by the International Monetary Fund and European Union in exchange for Greece’s drawing on the EUR 110 billion bailout to av