Putting national pride aside, that's bad news for Greeks and other inhabitants of the country.
So far, the (very) few reforms have been implemented either because the "troika" put their foot down -- which is rare -- or because the "troika" suggested and served as the scapegoat.
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| A photo of the 3 "reps" together in Athens |
Without the Troika, who will be the one to uphold common sense in Greece? Certainly not the Greek politicians -- they haven't produced an inkling of communality since the advent of time... The main opposition party is still harping about leaving the Euro zone (and the EU) and having the country live happily on its own -- they probably have not caught on to the existence of the internet yet.
So what are the poor Greeks to do? They will be left to the merciless mercy of hungry predators who have 5 years of austerity-experience under their belt and they have thereby discovered a very dangerous truth: that Greeks have proven very tolerant in the name of "we have to survive and there is no money". They have not seriously questioned the barrage of nuisance taxes that has wiped out much of the middle classes. They are likely to accept any pillage that they are victims of as... "financial fate".
And, dangerously enough, there may be less and less Greeks will be able to do about it: if you are in power in Greece and you wish to do something that is reprehensible in some way, all you need to do to make it acceptable is legislate:
Let us not forget that Greece is probably the only country where giving "presents" to civil servants is legal. And politicians are not liable for anything. By law.
Meanwhile the rodents will be chewing away at the spoils and dancing happily knowing they are safe from public fury, creditors' supervision, and annoying legal constraints...
