BERLIN -- Great crises often produce enduring images. For the Israeli-Palestinian conflict, this has often been a terrified child cowering behind protective parents; for 9/11 it was brave firemen rushing headlong into collapsing buildings. Last month saw what could become one of the lasting images of Europe's unending crisis: the sight of burning cars and buildings after riots outside the European Central Bank.
ATHENS -- Five years after the first bailout was issued, Greece remains in crisis. Animosity among Europeans is at an all-time high, with Greeks and Germans, in particular, having descended to the point of moral grandstanding, mutual finger-pointing, and open antagonism. This toxic blame game benefits only Europe's enemies. It has to stop. Only then can Greece -- with the support of its European partners, who share an interest in its economic recovery -- focus on implementing effective reforms and growth-enhancing policies.
The fiscal adjustment we have accomplished was done much less through reform, i.e. reorganizing the management of our country, public sector and economy, and more through cuts and taxes. However this has placed an inordinate burden on the middle class, it has created an army of young unemployed and many households are under the poverty line.