Recent statements made by German Finance Minister Wolfgang Schaeuble and other leading European officials to the effect that there is no way Greece would be kicked out of the eurozone are very welcome indeed.
The uncertainty that has prevailed in this country and elsewhere over the past couple of years regarding Greece?s future in the common currency area has had a debilitating effect on the real economy and has served as a disincentive for anyone thinking about investing here. This is more than obvious in the government?s drive to privatize a number of state assets, where you see many potential investors expressing an interest but few moving ahead with firm offers as they are put off from making a commitment by uncertainty and fear.
Greece will be able to return to growth only with the help of its partners and creditors. After all, a healthy Greek economy is also the only way that the latter will be able to ensure that they will eventually get back the money they have loaned to this country.