Ultimately, the current government in Greece cannot deliver on its manifesto. We are beginning to hear rumblings from the government of going back to the people for a new mandate. The current government looks doomed to failure.
Creditors will be watching very carefully, especially as there’s not enough money to meet IMF loan repayments due shortly plus meet the public sector wage bill.
Reneging on reforms is only going to hurt Greece. Greece can, of course, leave the Euro and the EU but that’s not really what the Greeks want?