Time for action, not words

Some officials inside PASOK, the country?s ruling socialist party, seem to believe that just because embattled Prime Minister George Papandreou has reshuffled his Cabinet, Greece?s European peers will suddenly start looking at the debt-choked country in a more favorable light.

They should know better.

International officials who are involved in painstaking efforts to save this country from defaulting on its debts are not interested in domestic developments of this nature.

The one thing that our foreign peers and lenders do expect of the country, the state apparatus and politicians is effectiveness.

Those who see that Greece is dragging its feet with the privatizations and structural reforms demanded by its creditors — European Union and the International Monetary Fund — as well as the sorry state of the country?s tax-collecting system, are naturally skeptical.

These people do not want to hear big words anymore. They finally want to see some action.

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