Reform needs savvy citizens
National Bank of Greece Governor Giorgos Provopoulos was very clear yesterday when he said that the current growth plan being espoused by the country has become bankrupt and can no longer continue, especially in light of the global financial crisis. The head of the country’s biggest bank has issued a warning; the question is when Greece’s politicians will assume the decidedly difficult responsibility of telling the people the entire truth about the country’s finances. What is certain is that it will take painful and bold reforms and major a change in mentality for Greece to change its growth plan. For this to happen, the two biggest political parties need to be in concurrence in order to chart the difficult course of reforms together. First of all, however, the country’s citizens must know what exactly they will be getting into so they can come to terms with what will be required of them and, in this sense, Provopoulos’s announcement has helped in some small way to prepare them for the worst.
