Down to the nitty-gritty

The real negotiations between the new government in Athens and the country’s international creditors will finally begin in earnest on Wednesday. A lot of precious time has been wasted since SYRIZA was elected to power on January 25, and this has had an enormous impact on the economy and on liquidity.

It is now clear from Monday’s meeting of eurozone finance ministers that the negotiations will concern the current bailout program and its evaluations and that it will be held with the former troika.

The government will have the opportunity within this framework to change the mix of measures foreseen in the Greek program to a certain degree.

But what is key now is that the discussion of the nitty-gritty of the deal begins now and is completed as fast as possible because Greece cannot take any more protracted instability.

Let us hope that the government’s officials and ministers accept the terms that Greece has been presented with and then implement the decisions that are taken.

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