Greece’s image on the mend
The damage caused by consecutive blows to Greece’s credibility is beginning to heal at last, thanks to our foreign partners’ newly restored faith in the country’s ability to bounce back from the crisis. The assessments made public yesterday by monitors from the European Union and the International Monetary Fund, who came to Athens to check on the country’s fiscal progress, were positive, as were the subsequent reports published by international financial analysts, who praised the government’s adherence to measures and concluded that they believed George Papandreou’s administration was showing the necessary determination to get the country’s finances back on track. Of course, the economy still has a long way to go before anyone can say that it is robust. There are a number of crucial reforms that still need approval from Parliament, while the real economy is still lacking the kind of support it needs in order to become more productive. Unless these areas are dealt with soon, the significant sacrifices made by the people will have been in vain.
