Restoring Greece’s credibility

The government risks losing its credibility at home as well as abroad. While still in opposition, the Socialists did not have the courage to be honest about the true magnitude of the country’s fiscal crisis and instead limited their rhetoric to abstract pledges about «green» development. As a sitting government, PASOK has repeatedly proved inconsistent, such as in the case of the «loaded gun» which proved to be an empty gun, especially in the case of the fight against market speculators. The administration insisted on reassuring the public that it would not seek IMF help even when it was clear that it could not be avoided. International players have found it hard to trust a government that views the EU-IMF involvement as an outside threat. Over the past few months the government has found itself trailing the markets which has led to even more drastic measures. At home, PASOK must be honest and make it clear to the public that there is no other solution. Our international credibility can only be restored if the premier can depend on responsible staff who do not fear the political cost of his decisions.

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