Greece has returned to the age of uncertainty. A few months after the elections and bank recapitalization, rather than improve, the climate in the economy is becoming dramatically worse. The slump in the stock market in Athens on Monday reflects the flight of investors and the general concern in all sectors of financial activities.
Indicatively, the foreigners who invested in Greek banks have lost about half of their investments in just a few weeks. How can the economy recover when those who dared take the risk of investing see their hopes go to waste in record time? No economy in the world can recover when political uncertainty prevails. The government is doing all it can to preserve the climate of political instability, which is sabotaging all efforts to exit the crisis.
When Mr. Tsipras’s government partner threatens with elections, because the government are finding it difficult to pass the measures they have committed to, it is clear that the uncertainty is not just being maintained, but enhanced. When the Minister of Finances claims that that we are in trouble if the program review does not conclude soon, it is obvious that the situation is growing worse.
More so when various ministers openly state that they disagree with agreements that have been signed and that they will do all they can to block them. At a time when a large section of society is on the streets, rather than focus of defusing the situation, half of the ministerial council is accompanying the Prime Minister in Tehran…
With the constant delays in implementing measures that must be taken, half the government not agreeing with the other half, the Prime Minister split between a painful agreement with the troika and a heroic exodus from the problems, Greece is obviously headed for a new adventure. Instead of quickly finishing with the negotiation we are faced with a situation similar to last summer. Only nobody seems to realize that a “remake” of that situation will not only be painful, but literally catastrophic…
TO VIMA
