Speculating at a time of crisis

The government must finally decide what policy line it intends to follow. Several ministers have clearly decided to throw their weight behind structural reforms and painful measures — including plans to liberalize the taxi sector and shake up the university system. Others however would like to see a snap poll in September. The reason is that they feel that they do not have the guts to see the implementation of the measures that have already been passed in Parliament and they do not wish to pay the political cost of implementing them.

Meanwhile, New Democracy insists on calling for an early election, leaving no room for negotiation, let alone a consensus. There is no time to waste. The deficits are soaring and the patience of our peers and lenders is running out. If the political system fails to make progress in the next few months, the country will verge closer to bankruptcy. Politicians should stop speculating and channel their energy into pulling the country out of its misery.

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