Clarity on debt needed
The representatives of Greece’s lenders have returned to Athens to resume their review of the country’s economic adjustment program. However, at some point Greece’s partners need to have some air-clearing talks with the leftist-led coalition government.
The institutions have to make it clear to Prime Minister Alexis Tsipras’s administration exactly what it is that needs to be done so Greece can qualify for debt relief.
This clarity was absent in the past, leading to disastrous consequences, namely when Antonis Samaras’s government was unable to reach an agreement with the lenders during a previous bailout review in late 2014.
|We are now back at the point where contradictory messages are being issued. We can be absolutely certain that this will create fresh complications if it is allowed to continue.
Athens has a duty to know what measures it can agree to, but the quartet of lenders owes Greece a united and clear response on its goals with regard to debt relief.
