The first side effects of the polarizing election campaign climate and the uncertainty it generates are already visible in the economy and public finances in particular. The collapse of revenue in December, which by all indications is carrying on in January, has resulted in a significant reduction of the budget surplus.
Meanwhile, yesterday’s auction of treasure bills demonstrates that the liquidity problem in the economy is a problem that cannot be solves with election promises.
It is clear that this state of uncertainty in the economy is prolonged from conflicting political proclamations, promises from both sides, and a polemic debate on managing the next day. It should be just as clear to both the government and the opposition that in the name of their electoral consideration they cannot ignore the limits and strengths of the economy and society. The problems that they create today will surely come back to haunt them tomorrow.
In the days left until the elections, the contenders for power have the duty and obligation to adopt a stance and attitude that will safeguard the fragile economy. The pointless clashes, easy promises and alarmism must stop now that there is still time. However much it may not suit them, they must realize that the economy has its own rules, which exceed or ignore any electoral considerations.
Irrespective if who will win the elections, the economy and society, the country as a whole, must rise up and be prepared to face the challenges and difficult negotiation with our European creditors that await. So they should not saw off the branch on which we are all, just to earn a few more votes.
TO VIMA
