English to Greek Other Government / Politics EU

It proved insufficient to steady jittery markets, because resolve to act is not the same as action itself. Next week's meeting of finance ministers could come unstuck over the detail of what those in trouble will be expected to cut, and what form of support they will get. The Germans, who have always harboured deep fears that the euro is a device to allow profligate neighbours to free-ride on the strength of the old mark, will expect their government to see to it that any medicine is sufficiently bitter to ensure that it will not be taken lightly. The Greeks – who are often far keener on spending state budgets than paying their taxes – will be at pains to insist that economics, like politics, should be an art of the possible. The haggling will not be pretty.

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