The Greek government and the leaders of the European Union, and particularly the eurozone, need to come up with a deal fast, at least in principle, which will ensure continued liquidity for local lenders and stave off the threat of a bank collapse that would take the economy down with it.
A few cautious steps toward an understanding of some sort were made at the informal European Union leaders’ summit in Brussels on Thursday and these should have everyone’s support so they can be built upon and developed.
Greece has very little time to lose. Any unnecessary extension of the prevailing uncertainty poses a danger and any mishap at this point could spell disaster.
This is the time for everyone to step up to the plate and do what needs to be done. It goes without saying that the Greek opposition also needs to throw its weight behind the effort wherever necessary because the only priority right now is to keep the country standing.