Time to implement new laws
Following a rift between the Greek government and international inspectors — which resulted in troika officials leaving Athens before completing the scheduled talks about the government?s progress in implementing reforms — the Socialist administration is now preparing a number of bills in a bid to demonstrate to the European Union and the International Monetary Fund that the momentum of reforms has not been disrupted.
The problem of course is that the troika officials have realized by now that the real problem lies not with the laws themselves, but with their implementation (something that most people here have known for ages).
The government must now enforce the laws that it itself has passed in Parliament. It must introduce a realistic wage structure and trim spending across the state sector.
These steps are the only way to restore credibility in the eyes of foreign markets — particularly at a time when public skepticism toward the country and unwillingness to participate in a fresh bailout are on the rise.
