'Greece Cannot Be Ruled Against the Will of its People'

One can perhaps understand the European Union's lack of trust when it comes to pledges emanating from Greece. Despite multiple promises of political reform and fiscal austerity, progress has been slow in some areas (privatization of government held assets, for example) and virtually non-existent in others (such as the collection of billions in back taxes).

Comments in parliament on Monday night by conservative New Democracy leader Antonis Samaras are unlikely to foster any trust in Brussels. "I am calling on you to vote for the new loan agreement because I want to avoid falling into the abyss, to restore stability, so that we can have the possibility tomorrow to negotiate and change the policy that is being imposed upon us today," he said.

To the ears of European politicians growing weary of the seemingly insoluble Greek debt crisis, the message may sound familiar. Let's promise to play along today so that tomorrow we can return to business as usual. Indeed, despite Monday night's passage in Athens of a €3.3 billion austerity package -- even as violent protests raged on the streets outside -- euro-zone leaders have yet to give the green light to the €130 billion bailout package Greece so badly needs. In addition to several technical details that still need ironing out, Brussels wants the leaders of all major Greek political parties -- including Samaras -- to sign an agreement that they will implement the austerity measures even after general elections in April. Athens talk is increasingly viewed as cheap in Brussels.

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