Greece shouldn't lose control

On Tuesday the rating agency Fitch downgraded the creditworthiness of Greece from "A-" to "BBB+". The left-liberal daily To Vima calls for resolute action from the Greek government: "Our country stands in danger of seeing its rating fall even further if nothing is done to stop it. This could bring the Greek securities market to a standstill, and subject the Greek economy and banks to considerable hardship. ... It is becoming increasingly clear that the government is in danger of losing its ability to act, and consequently it must act quickly. It must promote competent people, define what must be done to ensure recovery and in what time frame. ... It must gain the tolerance and approval of society, and it must encourage its members to participate to improve their lot. Failing that the danger is ... that pressure from  the markets will force the government to accept European economic controls - something that will only further unsettle the population, which is already keyed-up in the extreme."

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