Negotiating power
Greece will soon find itself immersed in negotiations with its partners and lenders, which should prove fruitful for the country provided that the positive predictions about the 2013 primary surplus are confirmed.
The cost of achieving the primary surplus was substantial, if not unbearable, for it came about as a result of pushing the people who pay taxes in this country to and beyond their limits.
Nevertheless, if the abovementioned predictions prove to be true, the surplus will allow the current coalition government formed by conservative New Democracy and socialist PASOK to put up a tough fight at the negotiating table and strike a deal with regard to the country’s funding gap and its sovereign debt, possibly even before the European Parliament elections scheduled for May.
Besides, both the country’s partners and lenders have come to realize that Greece can no longer bear any additional fiscal pressure, whether it be social or political.
