As to the very causes of the financial collapse in Greece, the genesis and the circumstances that led to the stalemate in talks between Greece and its creditors, many renowned commentators on politics, economics and finance have already spoken out. Many truisms, advice and warnings have been given. The key question, however, seems to be the extent of the Greek government's awareness and willingness to take responsibility for the livelihood of all Greeks.
Currently, negotiations have reached the point where decisions must be taken. It is uncertain whether, should the creditors give up some of their expectations, Greece will take advantage of the 'ajar door' or continue to stand firm on its position. And what is this position really? Greece's expectations seem to be - prolong your demands for the repayment of sums owed to you, give us further loans and we will consider whether and how we can take action to repair the sphere of our public finances.
Why is Greece taking such a hard line when it is obvious to the naked eye that the country is on the brink of economic disaster? It seems that the correct argument is INEVITABILITY.
In fact, Greece is taking advantage of the fact that it is difficult to predict the real consequences of bankruptcy for the European Union and the Eurozone. Greece is therefore keeping the whole Community in suspense and testing like a poker player whether it will still be able to up the ante by writing off another part of its debt or negotiating a debt rescheduling.
Whether the strategy chosen by Greece will end in success or disaster, I do not know. Nevertheless, using my own professional experience, I must point out that the compromise between creditor and debtor, is always better than bankruptcy, which, admittedly, may bring a vision of rebirth from the ashes, but unfortunately, instead of rebirth, often only ashes remain. As the name suggests, a compromise is an agreement reached as a result of mutual concessions. Therefore, a willingness to cooperate is necessary on the part of both the creditor and the debtor. Too one-sided a position of each party will lead to bankruptcy, which will translate into political and economic paralysis of the country, insolvency of the state, lower budget revenues, and ultimately poverty of people. You don't have to look too far to find impoverished regions in Poland. The radically reduced quality of life of the local residents was contributed to by the bankruptcy of large industrial plants, which would perhaps be operating to this day if a COMPROMISE had been reached.
I hope that the awareness of people who decide about the fate of other people, at the level of small, medium and large enterprises, as well as villages, cities and countries, will reach restructuring is an opportunity – perhaps often difficult, requiring sacrifices and cooperation in the environment of a given organization - but this is the only chance for a better tomorrow. Therefore, it is worth using every possible opportunity to raise the awareness of all market participants that it is important for people responsible for others to be ready to take on the responsibility and burden of introducing necessary changes and be able to reach a compromise.
3 July 2015:
" What awaits Greece after the referendum? Politicians should be more responsible
