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Monday, November 7, 2011

postheadericon For global sake, Greek officials must grow up

Despite agreeing to a coalition government, Greece’s current political establishment remains unprepared to lead it into the 21st century. A generational change alone will not suffice.  A political culture in which public officials’ short-term personal gain undermines the long-term collective national interest must be reversed. Failure to do so will only contribute to increased cynicism and disillusionment and continue driving most of Greece’s best talent abroad. It risks relegating Greece to a museum for foreign tourists.


It is time for Greek officials to grow up. It is long overdue.  Rhetoric for a national unity government is inadequate. A government of national salvation is needed. Any further political gambling must not go unrewarded. In particular, Germany must tighten the screws when necessary to pre-empt erratic behavior, which can only accelerate Greece’s bankruptcy and route to the euro exit door. After all, it is difficult for any European ! leader, or international financial institution, to invest further resources into Greece. The German Chancellor and French President broke protocol and for the first time publicly raised the prospect of Greece leaving the eurozone.

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