Supervision is a given

It is absolutely imperative that the Greek people wake up to reality, whatever the expectations that have been generated by certain politicians in the public mind.

Sure, the memorandum era will come to an end and the troika’s inspectors will leave the country – if the government’s plan is successful, but there is absolutely no way that Greece will be able to avoid remaining under some kind of supervision for some time to come.

The country has already received billions of euros in loans and its creditors have little faith in the domestic political system.

However, it is not just the international lenders that will be keeping a close eye on Greece. The markets will also be following developments, exercising their own brand of supervision over the progress of the economy.

We need to be realistic and understand that Greece can turn over a new leaf next year, but this will not mean that it will be free of monitoring, regardless of whoever may be in government.

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