SYRIZA needs a Plan B
The main opposition SYRIZA party needs to present the Greek people with a plan B, because, whether we like or not, those who matter – European decision-makers and the markets – have made it clear that plan A will not succeed.
It’s pointless for SYRIZA to expect it can achieve fiscal relaxation and an official debt haircut while canceling privatizations and numerous reforms. Markets simply wouldn’t lend to Greece in that case. So what will happen when it doesn’t get what it wants if it rises to power? Where will the money to cover running deficits come from? If it threatens unilateral bankruptcy vis-a-vis its IMF and EU loans, will Greece be able to stay in the eurozone? Uncertainty over SYRIZA’s real intentions and plans are adding to the overall pressure.
The government is now paying for past anti-memorandum exaggeration and recent declarations regarding the end of the memorandums. Citizens are scared, unable to trust anyone and tired of worthless big words.
