Deadwood needs to be cut away

Nothing about the way the government is behaving would attest to the fact that it has announced a freeze on all internal payments. One example of this foolhardy behavior is the way it is handling the problems at the Hellenic Railways Company (OSE) and other businesses in the broader public domain. At a time when banks are hesitant to lend money even to their most economically robust clients, the government is putting pressure on them to provide funding to the ailing railway organization, which would be like throwing money into a black hole. The government needs to understand that circumstances have changed dramatically. Companies that do not play a vital role in the economy need to be declared bankrupt and rebuilt from scratch. Some, like the Athens tram, a company that has not shown any potential for growth since its first day of service, should be shut down or at least suspended for a time so they do not place further strain on state coffers. This is a time for brave and drastic decisions, not for the continuation of the bad habits that got Greece where it is today.

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