OPINION

Three steps for the economy

The Greek economy is on the brink of collapse and many businesses are ready to fold due to the capital controls and the disastrous Varoufakis dogma which the SYRIZA-led government adopted for six months.

It is a pity to observe companies which seemed finally to be on the way to recovery by the end of 2014 now finding themselves a step away from closure, unable to import vital materials or pay their staff.

Three things must take place in order to avoid complete disaster. First of all, a deal must be signed between the government and the institutions and immediately begin to be implemented – to remove uncertainty.

Secondly, bank recapitalizations must begin as soon as possible. And thirdly, capitals controls should be lifted very soon.

There is no time left for elections or other pointless moves. Society has run out of stamina while the country must start moving forward and enter a new period of growth.