The issue, stated in plain words

Prime Minister George Papandreou has finally explained, in plain words, that he is faced with a very difficult dilemma: He either has to declare a moratorium on debt payments or he has to adopt even more stringent financial measures. Of course, the country’s fate would be in a much rosier state if the premier had grasped the extent of the crisis five months ago and had adopted measures then, which would have limited the spread of international concern, saved the country from a tarnished reputation and helped plug the hole in the public deficit. As things have turned out now, however, he needs to convince the populace of Greece that the battle to mend the economy is an issue of national importance and will affect the futures of this generation and the next. Only if a sense of equality prevails, if the wealthy agree to pay their dues and tax dodgers understand that it is time for them to halt such tactics, only then will the government achieve its goals. Otherwise, what we may be looking at is a long spell of social unrest and protests that will blight growth and rend social cohesion.