Athens need to seal the deal with the country’s international creditors without any more delay. The consequences are already quite grave.
The markets still believe that there are many opportunities for investment in Greece, in the banking sector as well as other areas. However, this does not mean that there isn’t also a good deal of well-justified skepticism regarding whether the present government has the intention or the ability to fulfill the commitments it has made and proceed with privatizations and investments.
The extremely important recapitalization of Greek banks is already at risk of becoming the first victim of these delays.
Athens needs to move fast and effectively.
Of course, to be fair, the creditor representatives on the other side of the negotiating table, who are maintaining an extremely tough stance, also need to consider the consequences if a deal is not reached.