Greece: After a deal, work on a solution

The current negotiations between Greece and its creditors are entering the final stages. The positions are still far apart, mostly on labour market and pension reforms that not only Syriza but also the previous Greek government refused to implement. A deal on these reforms and fiscal targets will probably be reached in the end: neither Alexis Tsipras and Syriza, nor Merkel and the eurozone have an interest in Grexit. However, a deal will be a short-term fix rather than a long-term solution. Instead, Greece must formulate a long-term, cross-party package that addresses its institutional problems and is supported across Greek civil society. The creditors, on the other hand, need to back such a long-term plan, and put more sensible fiscal targets and debt relief on the table. If both come together, we may move toward a solution, not just a deal.

ESO: Background information: The Greek debt crisis: Key sources http://www.europeansources.info/record/the-greek-debt-crisis-key-sources/

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