A clear message needed

Let's assume that the negotiations with Greece's creditors will come to a close late one night in May with an agreement on debt restructuring and the country's inclusion in the European Central Bank's quantitative easing program. This would likely spark an investment rally and restore the markets' faith in us, possibly to a sufficient degree so they would start lending to us once more. On paper, things look good - to some extent at least.

The value of Greece's assets appears to have hit rock bottom and they are starting to look appealing, not only to the bottom-feeders but also to major investors. From now and until 2019, Greece faces no major institutional barriers, no critical debt repayments and no elections of any kind. Potential investors have some idea of what lies ahead and can look to the prospect of a center-right government. This is important because uncertainty...