The electronic edition of the Wall Street Journal published an article according to which Greece is finally able to “call its own tune” and control its politicians. According to the report, the Eurozone crisis will not end until doubts over Greece’s perspective have been eliminated. The WSJ article estimates that based on the latest review of the Greek program by the troika, there is still a lot to be done.
The WSJ recognized the significance of the recent agreement between the troika and the coalition government, as it demonstrates Athens’ ability to hold its ground on critical issues, such as the budget, the bank recapitalization and structural reforms. The newspaper praised Antonis Samaras’ management for turning the economy around.
The newspaper explained that “at the start of the bailout review, the IMF insisted Greece faced a substantial deficit in 2013 and demanded further fiscal tightening. Athens stuck by its more optimistic forecasts, refusing to take actions that would prolong the depression. That decision was vindicated when Greek government divs showed that the country achieved a 1.1% surplus before interest costs in 2013”.
