A comment in PRESS TV News on the supposed Greek exit from the troika program

The main points of the comment are the following.

The supposed exit from the troika program is a sham. The program is practically continuing as there are more austerity measures in the pipeline, the repayment of the troika loans will take several decades (and it is not guaranteed, hence a future default is always on the cards) and the supervision by at least the EU mechanisms (if IMF leaves the program as is expected) will also continue for many years.

The program is a failure. Its declared aim (however myopic it may be) was to make the Greek public external debt viable. It has not achieved it as the current debt/GDP ratio is higher than in the beginning of the program. Furthermore, austerity has weakened the Greek economy making its growth rospects dismal.

So tthe SYRIZA government’s and EU’s rejoycing about the succesfull completion of the program is a sham orchestrated for cheap political and economic reasons.

The Greek people will continue to bear the burden of this anti-popular program and the policies that lay behind it for many years.