No great change will take place in Greece if the threat of a eurozone exit continues to hang over our heads. There will be no investments or privatizations and no deposits will return to Greek banks as long as the current uncertainty persists. What will it take to restore trust? Political stability for starters. The two main political parties have already shown signs of maturity but it has to be made clear that this understanding will continue after the elections. Meanwhile, both the unity government and the two parties will have to perform a number of miracles to implement pledges that will provide solutions — despite propaganda by drachma advocates — to the public sector?s longstanding problems.
Our partners and creditors will then need to help in terms of growth and liquidity. And when Greece achieves its tough, painful commitments they should send the message that the country will stay in the eurozone, enabling liquidity, investments and privatizations.