Ecofin Commissioner Olii Rhen, speaking on behalf of the Eurogroup, has explained why the leaders of the two major Greek political parties (PASOK and Nea Dimokratia) were requested to commit in writing that they will respect the EU summit decision of October 27.
Indeed, Olii Rhen said that after the unilateral decision of George Papandreou to announce a referendum for the approval of the October 27 agreement (five days subsequently he had unconditionally agreed on the behalf of Greece), the Eurogroup lost its confidence in Papandreou, and is thus asking both parties to sign, otherwise Greece will not get the sixth tranche of the loan necessary for survive without bankruptcy.
For his part, the leader of the Greek opposition, Antonis Samaras, a man of honour with a rich family tradition, clearly stated that respecting the decision of October 27 is enough, while party executives said that Samaras will not sign anything since such demand is humiliating for Greece and Samaras himself.
They also added that if the two real rulers of Europe, Mrs. Angela Merkel and Mr. Nikolas Sarkozy for two consecutive years were permanently cheated by George Papadreou, this should not reflect the humiliation of Antonis Samaras and Greece, but must constitute a base for thinking of what mistakes the two European leaders committed for two years in handling the Greek crisis that has led to bankruptcy.
Same analysts said that if Merkel and Sarkozy proved so naïve as to be cheated for two years by George Papandreou, the problem is not of Greece but of Europe, which at this historical moment, proves to have a serious leadership deficit.
Greek political analysts also noted that if, because of this possible development something goes wrong and Greece goes bankrupt because the Eurogroup will not disburse the sixth tranche, then the first thing the new Greek government, the one that will be elected from the barricades, will do is to sent those considered responsible for the bankruptcy of the country to the martial court charged with high treason. This, if it happens, will be a very unfortunate development with unforeseen consequences for the rest of Europe, for which exclusive responsibility lies with the current leaders of the European Union.
What we wish to ad is that the Greek crisis is not any more economic, but only political with social implications, and in this case the solution should be given by politicians and not by accountants.