Greece has wasted a whole four months simply to reaffirm the self-evident. There can be no membership of the euro without compliance with the rules of the eurozone. Also, there is no other source to fund Greece’s needs than the eurozone. Sure, declaring bankruptcy is an alternative but it comes with disastrous consequences. The same goes for a return to the national currency.
It took four months for the government to realize these facts and make steps toward compromise. However, there are two problems it must first deal with. One is that it has to tell voters the truth and explain that the pledges made while it was in the opposition were groundless. Secondly, it has to convince or bypass party and government officials who’d rather see a rift with lenders and a switch to the drachma.
Should the premier make the right decision, he can expect backing at home and abroad. If not, he will be followed by those happy to press the self-destruct button.