It has not yet been admitted – at least publicly. Yet it is becoming ever clearer that the government is preparing itself and citizens for a post-bailout precautionary credit line.
It is beginning at long last to move in the direction which this newspaper, among others, had recommended from the very first moment. It is preferable to enjoy the security of a precautionary line than to embark on the adventure of a “clean exit from the bailout (which would not have been clean anyway).
It was the prime minister himself who made the first opening to logic from the podium in parliament, when he said the precautionary credit liner was at the bottom of the government’s expectations. He essentially left open the prospect of such a choice.
Yesterday, it was the turn of the head of the Parliamentary Budget Office to broach the prospect.
In any event, many government cadres are saying what is not yet being publicly admitted: that the post-bailout precautionary credit line is the right choice.
The government’s apparent shift allows us to draw useful conclusions.
No governmental narrative can overpower the national interest. No political party is of greater value than the country itself.
This country, exactly because of this negative mentality, has paid an exceedingly high price in the past.