A need for calm and stability
There are some positive signs out there that the Greek economy is on the road to recovery: It was announced Monday that Greece’s central government achieved a primary budget surplus of 2.6 billion euros, or 1.4 percent of GDP, in the first seven months of 2013, against a target for a primary deficit of 3.1 billion euros.
However, little will be achieved unless calm and political stability return to the country.
Political uncertainly, exasperated by predictions from the country’s leftist opposition of a “revolution” starting in September, is naturally undermining the government’s efforts to spur economic growth and fight rampant unemployment, particularly among the young.
If we really want the government to move forward and avoid dangerous pitfalls, then we must reach a national understanding and put self-destructive, over-the-top posturing aside.
