A new political plan for the day after
The ratification of the fourth memorandum requires decisions and new political planning from everyone. The debt issue remains, though it's likely that some sort of solution will emerge in July. However, if the Germans, and particularly Wolfgang Schaeuble, scupper the deal, Greece's position in Europe will be put into jeopardy.
Regardless of who is in power, a refusal to ease Greece's debt burden will result in a second grave injury. The first was when debt relief talks were put off even after the Samaras government achieved a primary surplus. As a nation, we cannot tolerate such an injustice again. Beyond the debt issue, however, we also need to see if the numbers will add up. Experts are skeptical and predict a continued slide and possibly a standstill in revenue collection. Even if this does not happen, we still have the question of when Greece will next go to elections.
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