Thursday April 24, 2014 Search
Weather | Athens
21o C
15o C
Survival Guide
Greek Edition
Putting an end to the punishment

By Alexis Papachelas

Considering that things have reached a critical point, I believe that the time has come for the country’s partners and creditors to take a good look in the mirror.

As a society we have done the same, to a certain extent, while more mature Greeks have recognized the mistakes that have been committed – the bad management, waste and corruption.

We have engaged in self-flagellation for all of this and have been sufficiently whipped by others as well.

Everyone now agrees with the conclusions reached by the crudely honest Jean-Claude Juncker, who has argued that Germany displayed an overly harsh stance toward Greece, a position which was expressed through the involvement of the International Monetary Fund and the initially high interest rates of the first memorandum.

We’ve been through all this before, but we should not forget the mistakes for which we were not entirely to blame. Consider the issue of corruption, for instance. It takes two to tango, and the Greek graft-and-vested-interests tango always took on the role of partner to German or French companies who paid large amounts of money in order to seal major deals in Greece. Then of course there’s the role of Brussels. Where was Joaquin Almunia and the rest of the European Union officials who kept quiet as they observed Greece hurtling toward disaster in 2010? Why didn’t they speak out back then instead of pretending to be shocked later on?

Consider the European banks and rating agencies. How could they have been so wrong in their predictions when the latter hailed the prospects of the Greek economy while the former loaned the country as much as they possibly could?

It’s all water under the bridge, you might say. In the end European banks barricaded themselves behind a protective wall and European officials took refuge behind the security of the almighty bureaucracy while we were left to pay the bill. That is not to say we should adhere to the “We Won’t Pay” movement. That would be disastrous and would lead the country into a profound crisis of no return. But we do need a change in the contract if we are to exit the crisis.

Greece’s partners and creditors should offer the country more precise and positive prospects, on the condition that we undertake to sort things out at our end.

The relentless pressure must come to an end around this time if they wish to see Greece stand on its own two feet and be in a position to maintain its pledges. , Tuesday December 17, 2013 (22:42)  
Putting the party above the country
Strong card in debt talks
It´s too soon for Europe to declare victory
Reality´s other side
Suspect in student´s stabbing alleged to have threatened other pupils
A 22-year-old theology major standing accused of stabbing high-school senior Foivos D. outside his school in Palaio Faliro on Athens's southern coast in January 2013 allegedly threatened oth...
Greeks are the EU´s unhappiest workers, report finds
Greece is the only country among the European Union's 28 members states where fewer than half of its workers claim to be dissatisfied with working conditions, a poll published by Eurobaromet...
Inside News
PPC to sell 500 mln euros of 3- and 5-year bonds
Greece's state-controlled electricity firm PPC confirmed on Thursday it would sell bonds worth 500 million euros ($691 million). The notes will be a combination of three- and five-year bonds...
Greece´s NBG launches 5-year bond to raise up to 750 mln euros
Greece's largest bank National Bank (NBG) will issue a 5-year, fixed-rate bond to raise up to 750 million euros ($1.04 billion) and boost its liquidity, the bank said in a stock market filin...
Inside Business
Never underestimate the Greek hoopsters
Olympiakos and Panathinaikos, who between them have won the last three European crowns, won again at home on Wednesday to take their Euroleague play-off series with Real Madrid and CSKA Mosc...
Reds and Greens stay alive in Euroleague
Easter – and home advantage – worked wonders for Panathinaikos and Olympiakos who stayed alive in the Euroleague play-offs beating CSKA and Real Madrid respectively on Monday in Greece. Shak...
Inside Sports
1. Suspect in student´s stabbing alleged to have threatened other pupils
2. Greeks are the EU´s unhappiest workers, report finds
3. PPC to sell 500 mln euros of 3- and 5-year bonds
4. Injured American tourist taken off life support, said to be ´awake and alert´
5. Teen boy arrested in Thessaloniki drug bust
6. European court awards damages for ´degrading´ migrant detention conditions
more news
This Week
1. Putting the party above the country
2. Three missing from cargo ship that went down off Crete
3. Strong card in debt talks
4. Central Athens cleanup a sign of Greece's turnaround
5. Samaras meeting with Dimon key to Greek return to bond markets
6. Police on high alert for Greek Cup final in Athens on Saturday
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Government looks to kick on
5. Greece offers to help find Turkish F-16 lost in 1996
6. EU struggles to unpick the knot of Russia-Ukraine gas logistics
   Find us ...
  ... on
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.