All talk on crisis but no action

Prime Minister George Papandreou’s government must finally realize that if it still has any chance of convincing international markets and the country’s creditors of its intentions to put the economy back on the right track, it needs to give them more than sweeping generalizations and vague announcements. In fact, it even appears that this administration is heading down the same destructive path as its predecessors: creating a constant barrage of announcements, convening a formidable number of special committees and making declarations about the consolidation of various state bodies, without, however, producing any tangible and visible results. In any case, the government, and Papandreou personally, have been given every possible warning on every possible front, within Greece’s borders and beyond them. The country is teetering on the brink of bankruptcy and it wouldn’t take that much for it to find itself falling over the edge. It just cannot be repeated enough: We need action, not talk.

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