Post-bailout conditionality in Greece - a proposal

Since the first memorandum of understanding (MoU) between Greece and its creditors in 2010, one word has been the central point of reference: "conditionality." In other words, the conditions attached to the loans from our European partners and the International Monetary Fund are based on a certain logic: money for Greece in order for it not to go bankrupt and cover its current expenditures, as well as to pay off past loans and interest, and in exchange the implementation of specific and previously agreed upon fiscal, financial and structural reforms.

The political drama of the last eight years has in fact revolved around how exactly this "conditionality" of the MoUs should be measured. There were intense debates on the right mix for the fiscal measures, their "temporary" or "permanent" nature, whether particular structural measures were indeed required, how they should be...