Despite the bickering, the suffering Greek economy managed to overcome the huge financial crisis, at a huge cost truth be told, and is prepared to make its steps for the next few years.

Most underestimate the achievement of the primary surplus; some will not even recognize it.

However, achieving it indicates the degree of consolidation that took place and creates the conditions for the Greek economy’s return to the global economic system.

The confirmation of the primary surplus by official community authorities will signal the grand exit of Greece from the crisis.

Global investors will begin to reconsider Greece, especially when the discussions for settling the Greek debt begin and the debt is proven to be viable.

Despite the many doubting Thomases, there will be many rapid developments in the Greek economy over the next few months.

The combination of trust being restored and the huge changes that have been implemented in the reforms, under certain conditions, can trigger an investment fever in the country.

These conditions are specific. Over the next period, the Greek government must do its best to demand from our partners to fulfill their promise of a permanent debt settlement.

If the debt is extended to 50-60 years and interest rates reduce, then the annual interest paid will be reduced by 3.5 to 4 billion a year, meaning that payment of the loan will be reduced by 2-3 billion per year.

Such a settlement will constitute the Greek debt viable, irrespective of how great it is. In this case, credibility will have been restored, while the necessary fiscal resources will have been made available in order to support the country’s production recovery.

As long as we don’t run into any further fiscal problems.

That is the second condition. The Greek state must create the necessary fiscal environment in order to achieve consistent streams of tax and insurance contribution revenue, similar to those of other European countries.

The average community rate is 44% GDP, which at present has been achieved after a number unfair measures and across-the-board cuts. The fair decision is for this rate to be covered by annual taxation and insurance contributions, rather than the oppressive policies that affect everyone indiscriminately, like at present.

The third condition has to do with the restructure of the private sector of the economy. Today the Banks are bound by debt-ridden business, the owners of whom are not only not paying the Banks what they owe and are not willing to invest anymore, they carry on stealing from them and demanding new loans, claiming that they can’t pay off the older ones.

The end result is for important resources of being tied down, rather than be invested into the economy and support healthy, new businesses.

If the Banks can prove that bad business practices are being implemented, they have the opportunity to replace the managements with new ones and begin looking for new investors.

That way the businesses will have a chance at recovering and the Banks will be able to release critical funding resources, capable of supporting the recovery of the private sector of the economy.

By combining and implementing these three aforementioned conditions, the Greek economy will change completely from its present state, which generates insecurity and absolute depreciation.

What all this requires though are inspiring leaderships in politics and finances.

Antonis Karakousis