Time to wrap up the talks
Greece must finally take the drama out of negotiations with the troika of foreign lenders and wrap up ongoing talks as soon as possible.
At a time when the country’s real economy is finally starting to show signs of health and economic predictions are becoming more optimistic, the failure to conclude talks with troika inspectors is creating a climate of uncertainty. All this foot-dragging is just adding to the instability created by the fear of political risk in view of the forthcoming local and European Parliament elections.
Several months into the negotiations, both sides know where their red lines lie. Troika officials must finally make up their minds on what they want from Greece and stop making demands that could trigger a political crisis.
For its part, the conservative-led government must find the courage to finally vote through Parliament the majority of structural reforms that are still on the table.
Greece and the real economy cannot afford a further delay.