The two paths ahead

Europe is changing. And it will change even more in the years ahead. Greece?s main peers in the European Union seem willing to help the country avoid bankruptcy. It goes without saying that they are willing to do so on the condition that Greece follows a regimen of strict fiscal discipline and at the same time adopts measures designed to boost its faltering competitiveness. It is the same regimen that applies to all the nations that sit at the core of the 27 member bloc.

The question is whether we will accept this model or opt for the path of isolation. The former is a long and winding path, but one that can change Greece and tilt the country into a trajectory of growth and convergence with the rest of the community. The latter is indeed a more convenient path, but it?s a dead end. Everyone — society, the government and the unions — will soon have to decide which way to go.