This reduces the pressure to tackle government debt and competitiveness problems in a resolute fashion. Do you have a solution for restoring Greece’s competitiveness and putting the country’s economy back on its feet? That is just what the adjustment programme is intended to achieve.
At the end of the day, every economy has to be able to stand on its own two feet financially without needing transfers from outside. An economy cannot consume more than it produces indefinitely. If European politicians should decide to disregard this principle and to permanently prop up member states, then they need to be clear about the consequences.