Things do not bode well for the much-beleaguered Greek economy as the effects of the capital controls that were imposed last summer become all the more evident and uncertainty surrounding the progress of talks between the government and the country’s international creditors take their toll on the market.
What’s more, there are a number of high-ranking officials in the coalition government whose overall stance is putting off investments and the swift implementation of much-needed privatizations.
What the Greek economy needs is a healthy shock that will turn the tide and avert the worst. This is especially necessary given the tidal wave of taxes and increased social security benefits looming on the horizon and threatening to drown whatever still remains standing in the market.
The question, however, is where such a dose of good news would come from, given the current government.