Greece’s Creditors

Greece paid a heavy price in order to wrench itself from the crisis which was due first of all to its own mistakes and sins.

It is well known that the Tsipras administration was the most pliant and convenient of all bailout memorandum-era governments for the country’s creditors.

The Finance Minister said the estimated cost of New Democracy’s announcements so far is 5bn euros in the first year and another 4bn over the next four years and that ND has not said where the money will come from.

Creditors also bear responsibility as they turned a blind eye to the debt problem and believed that austerity could remedy the ills of a country with the peculiarities of Greece.

Within the next 30 days Greece’s creditors or “institutions”, which are currently in Athens to conduct an evaluation, expect the government to have met 16 prior commitments.