It is always darker before dawn. It is midnight for the Greek economy and in the darkness a specter is haunting the country: the troika, more savage than ever and suspect in many ways.
It is time that the pursuers of great interests focused their interests in all the paradoxes take place before the infamous troika, with or without its participation.
How else can on explain the case of subsidiary firms created by Greek banks in the Balkans which the troika demands must now be sold off to others? (That directly reinforces the competing Austrian banks).
The troika recently imposed absolute control on liquidity banning banks from granting new loans. That way it stifles financial activity in the country, subverting the midterm plan and fiscal progress. And the cherry on top is that even export businesses are now underfunded…
A few days ago the banks addressed the Minister of Finances and the Prime Minister to relax the limits on liquidity in Greece. The Finance Minister’s permanent response ins was that “the troika will not allow it”. Then he wonders why some call him the “fourth troika member”!
The currently-imposed policy restricts and dooms the country to an endless misery that can lead to a social explosion.
The Greek economy cannot carry on working on a “this is what we decide and this what we order” basis. We must reclaim our financial independence as soon as possible. Without it, the Greek people cannot escape the burdens of the crisis.
The Government, Prime Minister, Vice President and everyone involved in the management of the crisis are obliged to come up with a growth plan, taking into consideration the producers, entrepreneurs and experts who know the country and its economy.
The troika has exhausted all of its abilities. It has been proven to have made fundamental mistakes and cannot lead the country out of the crisis. The reform and recovery of the economy can only be a Greek matter! And that is how it will be!
*the title is borrowed from the introduction to the Communist Manifest by Karl Marx, first published in 1848 in London
Stavros P. Psycharis
– Originally printed in the Sunday print edition
