This is no time for a think-tank

Kathimerini English - - Front Page -

The signs, com­ing from all di­rec­tions, are deeply dis­con­cert­ing. The real econ­omy is be­ing gut­ted to the bone, banks are com­ing un­der in­tense pres­sure and fi­nan­cial mar­kets seem to be tak­ing it for granted that Greece will re­struc­ture its debt. Mean­while, the prime min­is­ter is spend­ing time and en­ergy in end­less con­sul­ta­tions with his min­is­ters. But there is sim­ply no more time for this. Now it’s time for ac­tion, like bold pri­va­ti­za­tions and spend­ing cuts in the broader pub­lic sec­tor. Ge­orge Pa­pan­dreou is re­peat­ing the mis­takes made in the early months of his pre­mier­ship, but the dif­fer­ence be­tween then and now is that the real econ­omy is in melt­down and the mar­kets, as well as our len­ders, have run out of pa­tience. Pa­pan­dreou is turn­ing a deaf ear to the alarm bells and al­low­ing his gov­ern­ment to op­er­ate more like a think-tank, as ev­ery wasted day be­comes a wasted chance to sal­vage Greece’s cred­i­bil­ity.

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