OPINION

Brussels or IMF, it’s our only choice

The government has already taken a series of fiscal measures in order to trim the deficit and curb public spending, but it is only reasonable for Greece to also expect the tangible support of its European partners so that it will be able to borrow on reasonable terms. So far, nothing specific has been said about whether the EU will provide Greece with this support and, if it does, what form this support will take. This lingering uncertainty about the EU’s stance is creating a certain degree of turmoil in the domestic banking sector, which is now finding it difficult to borrow abroad. As a result, the only options left for Greece are to either receive the explicit support of the European Union or alternatively, turn to the International Monetary Fund, which is prepared to issue emergency loans. There is no more time to waste and everyone, in Greece, in Europe and further afield, needs to understand this and make their position clear.