A mistake not to be repeated

COMMENT

The time has come for our partners and lenders to describe with clarity what formula they want to use in order to reduce Greece’s debt burden.

They did not do this when Antonis Samaras’s administration achieved a budget surplus for the first time. This mistake must not be repeated. The upcoming Eurogroup on June 15 is an opportunity to make things right.

A return to some semblance of normalcy is necessary and urgent, because, if anything, it will make things easier for the next government. This would be a good development because the next government will be one which believes in economic reforms. It will take ownership of them and enforce them in order to get Greece out of the slump and bring about the recovery we’ve been yearning for.

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