By all appearances Greece is under major pressure and in a difficult position, as time in running out, there are no funds and there is a serious of an exit from the program, unless there is an agreement by the end of June.
Should June go by and an agreement is not reached, then the country will be exposed, without any money or backing from Europe and unable to return to the markets.
At present all European and international powers are standing against us.
In the most critical turn of the negotiations, our country has ran out of allies and abilities.
Anyone who was relatively sympathetic towards the Greek affair are now turning their backs.
It is not just Merkel or Schäuble anymore. Not even Juncker wants to get in touch and talk, while yesterday the French Finance Minister commented that he was almost indifferent. The European Central Bank is disheartened by the Greek government’s stance and is quick to warn that Greece only has a few days left and that a Grexit would not cause a problem to the Eurozone.
Even the US President Barack Obama – who was meant to be pressuring everyone else until recently – is now calling Mr. Tsipras to accept the reforms and come to an agreement with the partners and creditors.
In the most critical moment Greece seems to be left alone. Truth be told, it turns out that leaving the negotiation for the end was not the best idea. When you are asking for money and time is running out, you are in a worse position.
The negotiation method, this constant delay, was ultimately proven to be ineffective.
However, even in the final hour, the government has a duty to exhaust all options towards an agreement, even an extension of the current program, in order to avoid completely exposing the country to profound dangers, such as the forced exit from the euro, amid restrictions on the movement of capital and an almost certain social upheaval.
Mr. Tsipras has a major responsibility. If they country is left without a program, it will lose the 7.2 billion euro tranche and the 11 billion euros from the Financial Stability Fund, as well as contact with Europe and the international credit system.
Nobody can accurate describe what will follow. What is certain though is that in this case all of Greece’s demons and enemies will be liberated.
Greece does not deserve this state of absolute uncertainty and insecurity, Mr. Tsipras.
TO VIMA