Monday, July 19, 2010
  • PM’s Interview in Guardian
"Greece is on a normalised road," Prime Minister George Papandreou said in an interview in the UK newspaper The Guardian, noting that in the nine months since his government took office "it has been crisis management, day in, day out,” and stressing that, in politics "you have to make tough decisions."


In the interview, titled "Reinvigorating Greece is an Olympian task," concerning the reactions to the austerity measures, the premier admits that "naturally I feel very bad that we had to take these measures and that our financial sovereignty is under the tutelage of the so-called troika (the EU, International Monetary Fund and European Central Bank)."

"It's not a happy state to be in, and the most painful thing is to take measures against people who were not responsible for the crisis," Papandreou said. He goes on to explain that the option for the country was to default, or take these measures.
  • Troika’s Interim Review
In related news, the Statement by the EC, ECB, and IMF on the Interim Review Mission to Greece, acknowledges considerable progress by the government in its effort to introduce streamlining reforms, but suggests that there are still some serious challenges for it to overcome.