A lack of judgment

COMMENT

The way in which the coalition government is handling the current situation with Greece’s bailout review points to a lack of judgment and panic.

When Prime Minister Alexis Tsipras rose to power he was elected on a central motto, that of easing the country’s debt and austerity burden.

Right now the prime minister has the opportunity to exert pressure in that direction, while at the same time securing lower targets with regard to primary surpluses.

Tsipras, however, appears to be opting for the conclusion, if possible, of the bailout review, albeit in a makeshift manner, without achieving either of the above targets.

Clearly the only thing that the administration is worried about is the next round of elections and satisfying its political clientele.

Therefore, it is willing to sacrifice the supposedly sacred target of real debt relief as a means of clearing a hurdle, well aware that this will once again plunge the economy into a new crisis and swiftly lead the country to a new impasse.

Online