Stop with the hype
There has been much hype in recent weeks regarding the negotiations between the government and the representatives of the International Monetary Fund, European Commission and European Central Bank who are responsible for supervising Greece’s progress with the fiscal and structural reforms on which its bailout funding depends.
But all this hype about the intensity of the talks serves no purpose; in fact, it has an adverse effect on the country’s morale and its image abroad.
For its part, the troika is also causing harm because when it makes over-the-top demands or uses heavy-handed methods to push the government, it fuels uncertainty and seriously undermines earnest recovery efforts.
What the negotiations need is for all parties to keep a cool head and get on with the job at hand, not keep interrupting the process and making dramatic statements.
One example of the damage being done is that every time the troika comes to Greece for “tough negotiations,” the market freezes. The hype needs to stop, because there is only so much pressure that the economy and society can take.
