''..Why should the third bailout program for Greece succeed when the two previous programs have failed?
The third program is not necessarily destined for failure because the
first two were unsuccessful. The measures that were demanded relate to
changes that Greece’s partners were demanding from the start. But they
never became reality. It isn’t a question of the level of spending, but
of the government’s organization, and the effectiveness of the public
sector and the tax administration. These are the most difficult
questions. My feeling is that this government is freer than its
predecessors to take action against the cronyism that gets in the way of
reforms..''
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