Tuesday, January 20, 2015
Kemal Derviş : "Still No Exit for Greece"
For the sake of Greece and Europe, the new government must work with the European institutions to revise their strategy, while taking responsibility for implementing growth-promoting structural reforms. Greece’s creditors and partners, for their part, must provide the fiscal space needed for the reforms to work. Walking away from Greece because it no longer poses a threat of financial contagion is not a politically viable option. Both sides will have to show more foresight.