COMMENT

Only one way to go now

Europe gave Greece an important vote of confidence on Thursday when its eurozone finance ministers agreed to release crucial aid.

The decision has gone a long way toward dampening speculation that Greece’s future in the monetary union is at risk and is a tacit expression of support for Athens – on the condition that it honors its commitments.

Of course it is obvious that many Greeks have reached the end of their tether as far as austerity measures are concerned. But this is the precise reason why the government must push ahead with the fiscal adjustment program and find the right people to help steer the country back onto the path to growth.

Greek citizens simply cannot take another round of cutbacks and austerity measures. The only way forward from here on for the government is to face the unions and vested interests that stand in the way of change with determination and to clean up the civil service and local administration.

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