A compromise between the demands being made by the country’s partners and creditors – namely the European Commission, the European Central Bank and the International Monetary Fund – and the so-called red lines of non-negotiable terms that the Greek government has set in its negotiations must be reached as soon as possible.
Already beleaguered by five years of crisis and punishing austerity, Greece can no longer tolerate the kind of uncertainty that has prevailed in the past few months as talks drag on between Athens and Brussels.
Any kind of further delay will worsen the recession and imperatively lead to the need for more more fiscal measures.
The week that lies ahead promises to be a most crucial one.
Both sides, Greece’s SYRIZA-Independent Greeks coalition government and the countries of the eurozone, will have to make some difficult and extremely bold decisions within the next few days.