On Greece´s next steps

We should congratulate Alexis Tsipras this evening. The Greek voters have shown they unmistakably support him and his approach to country´s debt issue.

Now Tsipras has to come up with a clear negotiating position. It has to be on the Euro group tables by tomorrow. There is urgency. And it is also very urgent to show that there is a way forward.

The proposal has to come from the Greek side. And be ready for a decision to be taken on Tuesday evening, when the Euro group leaders meet in Brussels.

These are indeed extraordinary times. They call for very clear commitments and well defined boundaries. Indecision and vagueness are key risks to avoid. As one has to avoid to be trapped by personal likes and dislikes. We might not like the other side, but we have to sit with him and talk in a very frank and constructive way. 

Greece: Fast running towards the abyss

The Greek crisis is now getting to the breaking point. Businesses are just closing their doors as they have little or no access to financial resources. Payments to external suppliers are becoming almost impossible. Domestic payments are just paper payments, no real cash is moving around.

Four days without an operational banking system has a major impact on the economy in a developed country.

And I do not see the banks being able to re-open on Tuesday, as the government wants us to believe. People have lost most of their confidence in the financial institutions and are desperate to take out of the system whatever little money they still have in their accounts.

We are running fast against the wall.

And we do not seem to be aware of it.

We just take the days as normal days in a country that can no longer afford to run as usual. The government needs to take exceptional measures. And I do not see the current leadership being able to do it. For whatever reason, they seem to believe that everything will be much easier after the referendum. Or, the referendum is three days away in a country that needs decisions now. 

Clarifying the relationship with Greece´s political establishment

Political uncertainty is not a good option. The role of leadership is to make it as short as possible. Leaders clarify and define the rules. We expect them to sort things out without too much delay. We also expect them to be able to properly and openly communicate about their decisions.

That´s what is happening in the case of Greece, I want to believe.

We are now in the process of clarifying the relationship with the Greek government. We should also be able to clear up the rapport with the rest of the country´s political class. The connection with them has been too ambiguous. They have to tell us how far they are prepared to go. We should then state if we can go along or not. They have the right to decide about their own future. And we have the same right to choose if we are part of that journey or not.

Both sides have to be wise, in addition to being clear. But above all, both sides have to be sincere and be perceived as such. 

Strategic communications are essential and part of the solution

The EU public opinion matters a lot. People have access to lots of information but the average citizen is still very much influenced by what they watch on TV.

My sense is that the leaders are not communicating well on Greece´s crisis. This is a very sensitive matter that can be easily exploited by any camp that promotes populism, and radicalism, and opposes the EU. It can also weaken further the fragile feeling of common interests.

Every leader has his or her part of responsibility. National leaders should address their national audiences and explain what is at stake and the choices that are being made. Juncker and Tusk, in Brussels, they have likewise to step forward and talk about the issue in a way that goes beyond the sound bites and a patronizing approach. It´s very much their call.  

Greece´s poker game

The Greek government is playing hard ball. They are convinced, I guess, that in the end the EU creditors will do whatever it takes to keep Greece within the Eurozone. And their poker hand is based on that assumption.

It´s a risky position. Athens might know more than we know about the concessions the other Europeans could possibly be ready to accept. But I am not sure they know. They just take the chance and hope to be right, that´s what I believe.

At this stage it is difficult to forecast the events of next week or so. We are certainly close to a clarification. And that moment of truth might be a difficult one for the Greek people. 

Greece has to move fast and show results

The Greek government has lost the last month trying to convince the European leaders to accept the merits of its approach to crisis management. In the current situation, a month is a long period of time for the Greeks. It is even longer when you achieve very little. It is hell, when you have empty pockets.

They should have listened to the advice coming from the key EU capitals: no programme implementation, no money. Such advice was repeated in Brussels last night, when a side mini-summit brought together the Greek prime minister, Angela Merkel, François Hollande and a couple of other senior people, Greece was once more invited to cooperate with the rest of the UE. Money was promised. It should be released when the Greeks start moving along the reform path.

Listening today to the Greek Prime Minister I got the impression he has not yet realised that time is running out. Money is getting very thin in the government´s drawers. And the political support they had in Europe is evaporating fast. It would be better for his government and his people to show they can implement the agreed reforms. The sooner they do it the better for them and for Europe´s cohesiveness. 

Greece´s very delicate position

Greece´s future is at play. One should be very clear about it. The new leadership will have to be very strategic in their negotiations with the key European actors. These actors have time and money and are in no rush to achieve an agreement. And they do not want to take any measure or agree on anything that might be perceived as a precedent, as a Pandora box.

The same cannot be said of the Greek side. They have little time and little money. They cannot engage in a very long process. Results will have to be achieved soon. And that puts them in a much weaker position. It is, in many ways, an almost impossible position.