Dramatic decisions to avoid bankruptcy

Schäuble admits exploring scenarios of Greece leaving the euro zone

 

The actions taken suddenly by the Greek government –actions which should have been taken a long time ago- in order to avoid bankruptcy are voicing their concern that stems from the German decisive steps to explore the possibility of Greece leaving the euro zone, as the European partners and the troika are losing patience with it.

Needing a practical edge, the Greek leadership pleaded for more time and understanding through urgent phone calls from the country’s finance minister Evangelos Venizelos to his German counterpart Wolfgang Schäuble, yesterday. At the same time, the Hellenic side is putting an “S.O.S.” plan into action wishing to ensure it has the 6th installment guaranteed.

Some governmental figures still wish that all the pressure put on the leadership is more of a “push” so that it acts swiftly and doesn’t go bankrupt rather than a possibility to return to the old Greek currency of drachma but do admit it has to move forward with the harsher measures proposed by the troika if it still wants to receive the next batch.

The above mentioned measures are the labour reserve in 151 fields of the public sector and the cut in bonuses of the public servants and last but not least the deregulation of the taxis.
The premier George Papandreou speaking to the PASOK parliamentary group, Monday, said that saving the country is more important than safeguarding an MP position, thus hoping to gain everyone’s support and consensus.