One really has to wonder quite what the strategy in play by European ministers really amounts to. Last week’s show of force showed little more than political will determined to explain that Greece would not be allowed to drag down the Eurozone. And while we all expected some follow-through at least in terms of meat on the bones to explain precisely how its support for Greece might play out, it appears that the ball has simply been tossed back in to the court of Greece. Here the pressure is on the government to clean up its act, follow-through on its promise to deliver deep cuts, outline future deeper cuts and explain away derivative transactions that allowed the nation to under report the size of its deficit some eight years ago. One really has to wonder quite what the strategy in play by European ministers really amounts to. Last week’s show of force showed little more than political will determined to explain that Greece would not be allowed to drag down the Eurozone. And while we all expected some follow-through at least in terms of meat on the bones to explain precisely how its support for Greece might play out, it appears that the ball has simply been tossed back in to the court of Greece. Here the pressure is on the government to clean up its act, follow-through on its promise to deliver deep cuts, outline future deeper cuts and explain away derivative transactions that allowed the nation to under report the size of its deficit some eight years ago.

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