Greek Prime Minister Alexis Tsipras appears to be aware of the seriousness of the situation and of the need to complete the current review and the recapitalization of the country’s banks as quickly as possible.
However, two major questions remain. The first concerns Tsipras’s ability to stop the war that has been waged by several ministers and lawmakers against privatizations and other important measures.
The second question is whether the present government has the experience and know-how to actually push through such a complicated and demanding plan in such a short period of time.
Right now it appears that the prime minister does not know the answers to these two questions, but if he doesn’t figure it out soon, Greece will end up back on the brink and talk about a Grexit will return to the discussion table.
It is everyone’s hope at this point that Tsipras does not fail, because that would be something neither the economy nor society as a whole could face.