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Tuesday 6 September 2011

Last roll of dice for the government

It will pass the changes or it will withdraw

 
It seems that the government is walking on the edge of a cliff, with the dead ends of the economic policies falling heavily, the risk of bankruptcy coming closer and closer, and everything in the economic field collapsing.
Even in terms of political symbolism, the government seems to admit that there is a huge problem, and announcements on key decisions the by the cabinet were made by ​​ Evangelos Venizelos and not the Prime Minister. George Papandreou seems to keep communication distances from the attempted effort for the implementation of the commitments toward troika.
With Venizelos' statements, the government proceeded to a sensational and well-understood, confession: that they have done almost nothing for over a year now it took to implement a series of changes in the public sector and the productive fabric of the country.

And it is forced to do all those things in a very short time, under the threat of troika, which finds tragic delays and puts into question the continuation of our loan.
It is certain that he government is surrounded by a tight grip and with fear for the worst to dominating the Greek society, it has to pass painful changes, depress the social state even further, and collide with fair or unfair interests of social groups.
Even the ministers do not know what is worse: the government being able to pass the measures or not? And if it does pass them it is likely there will be dramatic consequences, whether they lead the country into bankruptcy, or the government itself to abandon its effort in a politically painful way.
But even if it does pass them, not only will it have to reap huge political and social costs, but might also fail to save the country from bankruptcy. Simply because it is too late to reverse economic fundamentals and also the troika decisions are not taken by the specific performance of the Greek government, but from the wider data in Europe.

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