In an interview published by The Conversation in the wake of the re-election of Alexis Tsipras and SYRIZA in Greece, renowned French economist, Thomas Piketty, underlines that 'Greece and Europe need to make up for lost time', with a 'more active approach' taken by European leaders towards the issue of Greek debt, the restructuring of which needs to be seriously addressed. He also points to the need of democratically restructuring the Eurozone and improving its governance with the establishment of a euro-zone parliament.

Piketty points out that Europe cannot afford being in a permanent state of crisis. It needs more democratic governance, and the Eurozone must cease to be "governed as a technocracy", with decisions made behind closed doors and ambiguous motives; a Eurozone parliament needs to be established, as President François Hollande had recently suggested.

He urges European leaders to talk seriously about restructuring Greece’s debt – otherwise, fresh crises and problems will arise again in the near future, including renewed speculations about a Grexit, once difficulties with respecting the terms of the bailout package resurface.

Greece also needs to modernize its tax system so that it can become fairer and more efficient, which could "only really be done with Europe’s cooperation – and if Europe sets an example [...] Europe can’t just hand out advice without itself committing to fiscal transparency", Piketty stresses.