Restoring calm
Greece’s partners and creditors appear to finally realize they need to show a more decisive and generous stance toward the cash-strapped country if they truly wish for it to remain in the eurozone.
Let us hope that reports of them standing by their decision to release the next tranche of bailout aid within 2012, in its entirety and as scheduled, prove to be true.
Such a move would pull the country’s real economy out of the doldrums and create a sense of stability within Greece.
Events in the country’s recent history have shown that similar moves are immediately followed by positive developments both in the local market as well as the Greek banking system, with deposits gradually making their way back to local lenders’ coffers.
Though the release of the tranche would prove a relatively short-term development for the economy, it would also prove a particularly positive one, which should under no circumstances go to waste.
