Austerity

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.

Merkel’s statement that “nationalism must not pass” places a little stone in the building of a wall against nationalism and populism, as does the reminder that toleration is the soul of Europe.

Greek citizens know what the post-bailout reality is. They are absolutely cognizant of the fact that that there will be a long, uphill road.

'We shall not transcend the crisis as long as the current government – which insists dogmatically on an irrational mixture of taxes and insurance contributions – is in power,' said the main opposition leader

'The truth is that creditors will have the last word on a series of issues, and any divergence from what has been agreed to will be anything but easy. All of this means that the post-bailout reality will not be much different than in the memorandum period'