Re­forms are still re­quired

Kathimerini English - - Front Page -

Greece’s re­turn to the mar­kets is a pos­i­tive de­vel­op­ment. How­ever, we mustn’t pre­sume that this means the mar­kets have sud­denly de­cided to put their trust in Greece again. To­day, they are lend­ing to Greece again be­cause the coun­try finds it­self un­der strict fis­cal su­per­vi­sion that does not al­low those who gov­ern the coun­try to sim­ply do or act as they please while they’re in power. Nor does it al­low them to ap­point whomever they please or make as many ap­point­ments as they wish, or to re­turn to old mod­els of gov­er­nance which played a hand in bring­ing us un­der the mem­o­ran­dums in the first place. The peo­ple who gov­ern Greece need to carry out re­forms and show re­spect to­ward the coun­try’s in­sti­tu­tions be­fore it can emerge from the in­ten­sive care of the bailout mem­o­ran­dums and make a com­fort­able full re­turn to the mar­kets on the path to growth and pros­per­ity.

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