The European Union is with Greece

Negotiations to keep Greece within the perimeter of the euro and thus the EU reaching a decisive phase. Brussels is keen to reach an agreement, which can afford to maintain the guarantees to creditors, but at the same time, provide the dual Athens warranty, economic and political, to enable the country to overcome the crisis and that is not repeated again a similar situation. It is this second requirement is central and becomes highly symbolic against the conduct of Germany, made of austerity and rigor, carried out against all reason. The victory of the Greek Left has put the European Union faced with the need to change policy in a formal and official, through an election result of a member state, beyond the many spontaneous protests and informal that already criticized the excessive financial constraints imposed by the central authorities and suffered by the European population. To stop the widespread discontent and the populist drift, which threatens to undermine the foundations of the European common institution, the European Union executive could propose the dismantling of the troika, composed of the European Commission, International Monetary Fund and European Central Bank; this provision would constitute an act of great symbolic value, given that the troika is considered the responsible for imposing the penalty, not only for Greece but also in other European countries in difficulty. On the other hand just the programs drawn up by the troika proved completely wrong, because they were based on growth prospects that had to be achieved thanks to loans dished. This factor gives rise to strong criticism both on good faith, that the actual competence of those who drew up business plans, which were behind the granting of loans; the suspicion is that it is, among other things, conduct a policy that favored entities creditors with rates almost wear. We understand how the possible elimination of the troika constitutes a new fact and a highly political objective, leaving the boundaries of Greek and concerns the economic policies of the entire European Union, which should experience a total overhaul. There remains a need to create the conditions contingent materials for debt repayment greek, that the new Greek government refuses to pay back to the old conditions. It must be stressed that Greece wants to avoid payment of debts, and this is a further decisive political factor in the framework of the European Union, but intends to do so with the times and different ways, to be able to support the electoral program of the new government, marked a greater focus of social issues. For this purpose the greek debt restructuring is the focus of the negotiations, by the search for an agreement that concerns the extension of maturities and lower interest rates. It also needs to be maintained the line of credit that is necessary for Greece to cover the immediate budgetary needs. Finding a viable solution to these problems would solve a problem urgently economic, but above all politically, that would put in new light the Community institution to keep it away from dangerous drifts.