Judging by developments in the economy, Greece needs to get its act together. This becomes more imperative if fears of a protracted crisis in the Middle East are confirmed. If the technology bubble bursts in global stock markets, moreover, this could thrust the world into a recession and inflation in the region of 5% – with Europe being the first victim. Even under the more optimistic scenarios, the Greek economy is on a slippery slope: the EU’s Recovery Fund grants are coming to an end, political risk is inhibiting new worthwhile business moves, growth rates are slackening and consistently high prices driven by cartels are making a mockery of the gentlemen’s agreements with the government.
The question, therefore, is: If the elections are held in the spring of 2027, in nine to 10 months that is, what will happen until then?
Forging ahead as if the elections were tomorrow is turning the government into a pre-election party machine, pushing the state from its summer slumber into a state of hibernation
A political leadership with a sense of urgency, driven not by the fear of losing power but by a sense of responsibility toward the country, would at the very least act immediately to pre-empt any relaxation. It would set specific national goals, define clear tasks for each ministry, monitor their implementation, accelerate legislative work and ensure that the state apparatus does not relax.
