Trade with Greece
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fied with the steps the country has made since
June; the public finances have shown lots of
improvement; and some investor interest for
“case Greece” has –slowly, but surely– started
emerging abroad.
Does this mean that all that should have been done
has actually been done? Does this mean that the
Greek economy’s problems have been solved? Or
that the market has regained its footing?
Definitely not.
There is still a long way to go until the country
sees the longed-for light at the end of the tunnel.
That said, what has been the cause of this
change? Which are the achievements, and which
are the challenges that lie ahead? Let’s take
things from the beginning – or, preferably, from
the end. Let’s see, in a nutshell, what is the cur-
rent situation regarding the Greek economy.
IMF: The Fund’s stick and carrot
for the €3.24 billion tranche
No one doubted that our lenders would give the
green light for the mammoth tranche they had
decided to disburse to Greece – even in tranches.
In addition, no one doubted that the International
Monetary Fund would approve its own part of the
There is still a long
way to go until the
country sees the
longed-for light at the
end of the tunnel.
”
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