So, the first two programmes were poorly constructed? No, I would not say that. The information we had back then was completely different. Now that Greece has accepted these reforms, it is important that they are implemented in full. This is not a short-term solution aimed at obtaining money to cover the next few weeks.
It should be seen as what it is: a three-year programme aimed at getting the country back on track and reaping the full benefits of the euro area recovery. But isn’t that precisely the problem? The Greek people clearly voted “no” in the referendum, and Tsipras openly says that he does not believe in the programme.