A decent compromise

The messages are now coming from all over.

The country has lost valuable credibility capital over the course of the last few months.

The coalition administration’s finance squad is exercising a highly paradoxical strategy: On the one hand it is threatening to refrain from making payments to the International Monetary Fund and other lenders, while on the other, it is offering assurances that this is not the case.

In the meantime, this kind of deliberate uncertainty is destroying the country’s real economy and certainly not winning it any friends or allies.

Prime Minister Alexis Tsipras has very little time left to reverse the current climate and shoulder the responsibility of reaching a decent compromise.

A strategy based on bluffing and a series of conflicting comments and moves has not earned the country any time, nor has it scared anyone into submission.

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