Raising the bar too high

COMMENT

The government made a huge mistake by raising the bar regarding the debt so high. It built its entire narrative about getting Greece back on the road to recovery on the bet that it would receive some form of debt relief measures. Unable to properly read the signs from Europe, it painted itself into a corner.

One would have expected that after two-and-a-half years in power the government would be in a position to correctly read and interpret the messages coming from abroad.

What is of utmost importance now is that the country return to normality, and the avoidance of a new crisis that would destroy the real economy.

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