Meaningful moves
European Stability Mechanism (ESM) Managing Director Klaus Regling stated categorically Tuesday that the only way for Greece to return to international markets would be for the Greek government to claim full ownership of the country’s reform program.
While the ESM managing director’s remarks were being released, leading Greek cabinet ministers continued sending out their own messages, effectively destroying this very idea.
If international markets and those willing to loan Greece money are to be persuaded to do so, a major reshuffle must take place in the right direction, and Greek Prime Minister Alexis Tsipras needs to break some eggs. Otherwise, the Greek premier must surely realize what is bound to follow.
