Saturday October 25, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Pending answers

By Alexis Papachelas

A lot has been said about Greeceís three most recent elected premiers who, each in their own way, oversaw the nationís path to bankruptcy. It is up to the historians of the future to evaluate their share of the blame for this financial crisis, but Costas Simitis, Costas Karamanlis and George Papandreou have kept quite diverse stands since leaving office.

Simitis warned about the impending bankruptcy and the IMF early on when no one really wanted to hear about it. His public interventions are always timely but they have little of substance to offer as he has never offered a concrete crisis exit plan. Most importantly, Simitis has not taken stock of his legacy, the huge stock market bubble and rampant corruption. Pressure on him to do so is mounting again following revelations about the German arms bribes. During his tenure, it was said that a degree of corruption is unavoidable at times of economic growth and Simitis himself urged anyone who had any evidence of corruption to ďsend it to the prosecutor.Ē But such excuses wonít do anymore.

Karamanlis has chosen to remain silent although he occasionally voices his opinion on developments through his close aides. Many questions still remain unanswered concerning his various appointments, his failure to impose his will at crucial moments, and his denial when faced with the impending fiscal derailment. He still owes us a response as to why he did not take harsh measures back in the fall of 2008, when it was already evident that the country was heading toward the rocks, and why he continued to spend until fall of the following year, in spite of warnings at home and abroad. Silence is not appropriate for a former PM. The burgeoning cost of the state sector and his loss of control over law and order demand some explanations.

As for Papandreou, he has failed to live up to his role since he left office. And he too need to answer some key questions. Why didnít he help Karamanlis deal with the debt crisis in spring 2009? Why didnít he follow up from the speech of his predecessor at the Thessaloniki Trade Fair instead of uttering his infamous ďThere is moneyĒ statement? Why didnít he try to avoid the IMF and the memorandum by adopting immediate fiscal measures? And when did he decide that there was not alternative to IMF involvement? Did he really try to fend off pressure from German Chancellor Angela Merkel by making an alliance with Commission President Jose Manuel Barroso and others or not?

People want answers. It is very easy for our former leaders to blame their fall, and the collapse of the country, on the deep PASOK, on invisible foreign powers or interests that canít be named. But some degree of self-criticism would be far more useful and courageous.

ekathimerini.com , Saturday Jan 4, 2014 (14:00)  
End of reason, end of humanity
Banks need to step up
Tension for tensionís sake?
Testing ground
Samaras pledges action after flash floods in Athens
Authorities began on Saturday assessing the damage done by flash floods in various parts of Athens a day earlier, with Prime Minister Antonis Samaras pledging that all those affected would b...
No court hearings for civil cases
Greek courts are to stop conducting hearings, which include witness questioning, for civil cases, according to plans drawn up by the Justice Ministry. Kathimerini understands that in a bid t...
Inside News
Nicosia says reforms are bringing results
Economic reforms in Cyprus are starting to yield results, the government said on Saturday after one credit-rating agency upgraded its rating and a second its outlook for the bailed-out count...
TAIPED waits for green light from Eurostat
Eurostat has frozen the securitization of properties that the Hellenic Republic Asset Development Fund (TAIPED) had been planning. The project, drafted to bring some 400 million euros into t...
Inside Business
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greeceís lenders seem adamant that govít must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Banks need to step up
3. Samaras pledges action after flash floods in Athens
4. Nicosia says reforms are bringing results
5. Greeceís lenders seem adamant that govít must act on bailout commitments
6. No court hearings for civil cases
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greeceís closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.