The achieved deal with the troika, after many months of negotiations with the troika, in conjunction with the upcoming official confirmation of the primary surplus by partners and lenders, decisively changes conditions for Greece.

It is the first time in the five year rough patch of the great crisis where there is a solid basis for change in the country’s finances in Greece.

That is why the two main sources of doubting the Greek efforts for financial consolidation and recovery are being rebutted.

The constant complaint of our partners and lenders over the past few years was that Greece could not manage its public finances, nor could it implement the necessary reforms that would create a viable, reliable and competitive economy.

With confirmation of the 2013 primary surplus and the recognition of achieving the goals for the first trimester of 2014, indicate that there will be similar or perhaps even greater primary surpluses, which further establishes the belief that Greece can achieve fiscal stability.

Something like that essentially solves the public debt viability problem, by allowing our partners and creditors to go ahead with a generous debt settlement, without any fear or reservations, in accordance with their promises and commitments from November 2012.

Additionally, thanks to a number of big and small reforms in the Greek markets, a real change is being affected in conducting financial activities in Greece.

Protective measures, commitments, entanglements, limitations and obstacles are being lifted and the Greek economy is turning into one of the more liberal financial zones on the Old Continent.

The reforms adopted by Mr. Stournaras during the prolonged negotiations with the troika seem holistic and leave no doubt about Greek intentions.

Already the infamous markets that systematically underestimated Greek values revised their standing way before the deal was struck yesterday.

Before we go to see the “white smoke”, they had already begun supporting Greek bonds and openly and without reservations speaking about participating and supporting the capital increases and bond issues of Greek banks. The case of the Piraeus Bank’s bond issue, which attracted 3 billion euros rather than 500 million euros the bank was after, is indicative of the huge demand.

The future is even brighter. The capital increases of the banks will be easy, the rating agencies will upgrade the country’s credit rating, the loan installments will be paid out, uncertainty will retreat, the path for the markets will clear up for Greek enterprise and the State, and the partners will have to offer up the help they have agreed to in order to settle the debt and finally make it viable.

Greece’s isolation from the markets has not point anymore. The access to international sources of funding will likely be reinstated in the immediate future, interest rates will go down and the Greek economy will return to the global economy. According to some who closely follow the flow of capital towards emergent economies believe that Greece can attract foreign investments in the near future.

Despite the many doubts in the country’s interior, that is how things will pan out and it is only a matter of time to confirm it.

The end of the bailout is before us and everyone must now focus on addressing the social injustices caused by the great crisis.

The question from now on is how to ensure that and how we will move forward, without any delays and taking steps back.

It is a matter of responsibility for the political powers to maintain and support finances and to promote changes to the financial structures/

In any case the previous model collapsed and there was no safer option at the time which could guarantee Greece’s place in the Eurozone and stability in the life of Greeks. History will write about everything else…

Antonis Karakousis