The debt crisis is fast turning into a full-blown European crisis and the continent?s political leaders are being called upon to take difficult and bold decisions about the future of the common currency.
It goes without saying that the final settlement, when and if this comes, should find Greece in an optimal bargaining position. In other words, Greece?s diplomatic stance should be in sync with that of other debt-hit nations of the European south. Regrettably, the stereotype of Greece these days is that its politicians rarely make true on their written pledges and pre-election commitments.
The same accusation cannot be levelled against the political officials of other nations like Spain or Italy. This allegation is, in fact, voiced by critics who would like to see profligate Greece out of the euro area.
Greeks must do their best to fulfil our committments and obligations. This is the only way to demand further support from our partners, be that extra time or financial aid.