Greece must pull up its socks

Participants at the EU summit agreed with private creditors to write off 50 percent of Greece's debt. But the fight to restructure the Greek budget has only just begun, warns the left-liberal business paper Imerisia: "As of today it must be clear that there will be no new help from Europe. No one's going to come and bail us out if we start amassing debt again. On the contrary: we have to learn to live on what we produce. ... Greece must finally start producing surpluses to pay back its debts. The country must become an attractive location for investors. ... The Greek economy must become more productive and competitive. And this new national effort cannot come about by giving in to the unions' maximum demands or with businesses that are dependent on the state. ... As of today we've all got to change!"

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More from the press review on the subject » EU Policy, » Domestic Policy, » Fiscal Policy, » Greece, » Europe
Who's saying what » Greece in dire straits, » Ways out of the debt crisis

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