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July 7th, 2011

This article first appeared in the Globalist Zithromax For Sale, on July 6th, 2011: http://www.theglobalist.com/storyid.aspx?StoryId=9220

On June 29, Greece’s parliament adopted a contentious austerity package that paves the way for the EU and the IMF to unlock another crucial installment of bailout funds. Elena Panaritis, online buying Zithromax, Zithromax no prescription, a member of Greece’s parliament, explains what her country must do going forward to put itself on sounder financial footing.

It was a make-or-break vote in Athens on June 29, get Zithromax, Zithromax overnight, and the whole world was watching and waiting to see whether the government’s latest austerity package would pass through parliament.

In the end, canada, mexico, india, Zithromax trusted pharmacy reviews, we made it. The sigh of relief was almost audible, comprar en línea Zithromax, comprar Zithromax baratos. Zithromax description, The stakes were too high for the vote to go any other way. The austerity plans are the key to unlocking some €12 billion of additional funding from the European Union and the International Monetary Fund, Zithromax For Sale.

We succeeded in averting a domestic, doses Zithromax work, Rx free Zithromax, European and international financial calamity. Greece’s debt woes, Zithromax street price, Zithromax no rx, at least for now, will not mutate into a full-blown crisis, Zithromax steet value. Zithromax use, It’s now up to us to deliver and lift the country out of the worst recession in modern Greek history. It won’t be easy, japan, craiglist, ebay, overseas, paypal. Zithromax For Sale, As a mood of optimism begins to spread again, we need to convince the global financial markets we are serious about implementing the new measures — a painful mix of spending cuts, tax hikes and wage reductions worth €28 billion. Buy no prescription Zithromax online, There’s really no other choice. It’s our only way out, Zithromax from canadian pharmacy. Fast shipping Zithromax, It’s the only way to redeem ourselves after decades of mismanagement and broken promises. It’s the only way for Greece to win back the trust of our partners in the eurozone, cheap Zithromax no rx.
Reflecting the Greek reality

Now is the time to bolster our economic diplomacy, Zithromax For Sale. Buy Zithromax from canada, Greece has to turn the tables and redefine the problem. The current travails are not just about rescuing Greece, Zithromax schedule, Low dose Zithromax, but are an opportunity to restructure the country’s economy and stimulate the production base in all 17 eurozone countries.

The June 29 vote was a key victory, effects of Zithromax. Order Zithromax no prescription, The government gained significant momentum. Zithromax For Sale, The tough job, however, is not over yet.
The hard work is just beginning, Zithromax price. Purchase Zithromax for sale, It is positive to have the support of other European Union countries and our international lenders. They understand now that our problem is also their problem, about Zithromax. Zithromax reviews, They understand that this crisis is much larger than Greece.

This crisis has brought to light the shortfalls of the European Union economic support system, Zithromax For Sale.

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If the vote on July 29 had gone the other way, the situation would have intensified, Zithromax treatment. Zithromax maximum dosage, The problems would have spread, starting from Greece and then spreading to the rest of Europe, discount Zithromax. Zithromax forum, Countries would have struggled with continuous downgrades by international rating agencies. Zithromax For Sale, The sovereign bond spreads would have widened.

Let’s not think about the unthinkable: Greece’s default, buying Zithromax online over the counter. Such a scenario would be catastrophic. It would not just be a bad turn of events, it would be a living nightmare.

And I am being very honest when I say this. I know firsthand what it would be like, Zithromax For Sale. I have watched countries default back when I worked with Latin American countries in the 1990s and early 2000s while at the World Bank.

This is why all of us must pull together and rule out the remote chance of Greece or any eurozone country defaulting.

To avoid it, we must make the most of our negotiating power and embark on high-level economic diplomacy. We need to explain that the Greek crisis, as well as the wider one in Europe, is not entirely a problem of liquidity. Zithromax For Sale, Nor is it simply a problem of debt management.

It is a problem of solvency — which in Greece stems from poor management of the civil service, bureaucracy and overregulation. All this has led to a drastic loss in productivity.

But first things first. Greece has to solve some heavy-duty regulatory problems for the new measures to have lasting and positive results. These are problems no one has addressed for decades thanks to the excess liquidity (coming either from European Union accounts or from low-interest loans), Zithromax For Sale.

These include a heavy bureaucracy, which results in a lack of transparency and takes the form of inefficient law enforcement, as well as insecure property rights and a complex and convoluted administrative process. This ultimately serves to decrease predictability and discourage foreign direct investment.

Much of this is being tackled by the new law. Thankfully, due to the crisis, these problems are now out in the open — and they will not be swept back under the carpet. Zithromax For Sale, Whatever the Europeans have been criticized for, and there are plenty of reasons to be critical, this point is true about Europe as well: It has been unusually good in using crises to make real progress in overcoming its problems.

And using crises as an opportunity to reinvent, improve and resolve — that is very much the European trait we Greeks must urgently adopt. For all the talk about the EU’s "integration technology," no element is more important than that — to use crises to remake yourself.

This is why we must direct our economic strategy toward regulatory and institutional reforms — a single, simplified tax system, simplification of the judicial system and the safeguarding of property rights, as well as the overall improvement of the average Greek’s daily life.

It’s going to be an uphill climb. Though the path we are on is very difficult, we must persevere. What is required of us now is to mobilize our strengths to forge ahead and to deepen the reforms. Let’s stay driven and determined to keep going.

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