Alarm bells or death knell?

The lack of a powerful leadership in this country is now clearly apparent. Greece is crumbling and most politicians are trying to save themselves or hide.

Even those who at times supported the need for reforms are now devoting themselves to extreme populism. In a few days the political leaders lending their support to the Lucas Papademos government will be asked to approve a new set of harsh measures. The dilemma is real: the drachma or the euro, disorderly or controlled default.

Following the events that took place in Parliament two days ago, not to mention all that came before, Greece and its political system have no credibility whatsoever. The country?s creditors, its politicians and the majority of public opinion are not speaking the same language and the utter confusion will lead to disaster.

Before it?s too late, Papademos must tell it as it is and set off the alarm bells.

Responsibility for avoiding the disaster of an uncontrolled default, which will lead to poverty, violence and bloodshed on the streets, lies with us all.

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