Some slack is needed
Political instability and financial uncertainty are perhaps the most effective means to ensuring that Greece never recovers from the crisis. Everyone, even the leading opposition party, knows that governing this country through the turbulent next few months is no easy task and that there is no real alternative to the present coalition government.
If all this talk about early elections and radical changes to the government would just stop for awhile, the economy would finally get a chance to bounce back. Equally bad for the economy is also the debate on whether Greece will need to adopt more austerity measures and the indecisiveness displayed by the country’s international lenders. Surely they must know that Greek society has reached the end of its tether.
The government, for its part, must stop dawdling and get on with the structural reforms it has pledged to implement.
As far as the debt goes, a restructuring soon would certainly dispel the last clouds of uncertainty and have an invigorating effect on investments and the economy.
