Saturday March 7, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Above all, a lack of trust

By Alexis Papachelas

Will the resounding message from Sunday’s elections have an effect? The country does not really have much time or room for maneuver. Some like to think that the outcome will scare Germany and France into easing their fiscal demands on Greece and, perhaps, sending the country some generous aid package.

In other words, they hope that our foreign lenders will realize the Greece’s transformation into a Weimar type of republic is simply a foretaste of what will soon happen in Italy, Spain or even France.

If only things were that simple. Our partners are, of course, more prepared for a Greek “failure,” as it were, or even for a eurozone exit. An easing of fiscal demands will mean more money for Greece – something that would not go down well with none of Europe’s parliaments.

But there is yet another problem. Our partners’ view of Greek politicians is not that different to our view; that is, they don’t trust them. They think they are unreliable. However, they see little willingness among Greece’s mainstream parties to change, or any new reformist party in the offing.

Greek people have also discredited anything that has to do with EU-IMF memorandum. And, as long as they do not see any other substantial movement for renewal, they turn to parties of protest such as the one led by Mr Tsipras.

It is obvious that if the Germans do not shift from their positions and if there are no convincing solutions in our country, yesterday’s vote will be the harbinger of the drachma. Some say that if the money for wages and pensions is cut, then people will realize what is going. That may be how things work but it may be a boomerang that angers people even more.

No solution can be imposed from above. The arguments in favor of fighting for the euro have to be set out. It was made clear yesterday that the Athenian political and economic elite speaks a different language from the rest of the country.

We are going to experience some difficult days and months ahead. This is what always happens when a rotten system collapses without something replacing it. That is what always happens when a people matures suddenly after a few decades of the easy life. Yesterday, this people turned things upside down. It is now waiting to see if anyone can restore some order.

ekathimerini.com , Monday May 7, 2012 (01:47)  
PISA, Schengen, mediocrity and isolation
New blood, fresh ideas
Balancing the Greek budget: The ancient Athenian perspective
Greek-Turkish relations
Greece sends proposals, but no decision due at Monday´s Eurogroup
Greece submitted to Eurogroup chief Jeroen Dijsselbloem Friday an outline of seven reform proposals to form the basis for discussion at Monday’s meeting of eurozone finance ministers, but th...
Samaras braces for second round of in-party strife
After a marathon meeting of New Democracy’s MPs where party chief Antonis Samaras sought to affirm his status as top dog inside the conservative opposition, the former prime minister is brac...
Inside News
ECB asks for cut in recognized deferred tax assets
The European Central Bank is calling for changes regarding the recognition of banks’ deferred tax assets, effectively raising the prospect of fresh share capital increases. Sector sources sa...
New NPLs in Jan-Feb put at 2 billion euros
After several months of decline in the local credit sector’s creation rate of new bad loans, banks are reporting a sudden rebound in the growth rate in January and February 2015. Estimates b...
Inside Business
BASKETBALL
What a difference a year makes, for Olympiakos
Just over one year after Olympiakos's drabbing at the hands of Armani Milano, the Greeks returned to northern Italy and scored a nine-point victory to stay alone on top of their Euroleague g...
TRACK & FIELD
Tsatoumas just misses out on a Euro medal
Louis Tsatoumas narrowly missed out on a medal at the European Indoor Championships in Prague on Friday, as despite faring below his usual standard he was third until up to the last few jump...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. What a difference a year makes, for Olympiakos
2. Tsatoumas just misses out on a Euro medal
3. ECB asks for cut in recognized deferred tax assets
4. New NPLs in Jan-Feb put at 2 billion euros
5. Interest alive in property investment sector
6. Businesses reluctant to tap financing
more news
Today
This Week
1. BoG chief Stournaras briefs PM Tsipras on ECB's decisions on Greece [Update]
2. Cash-strapped Greece repays first part of IMF loan due in March
3. Greek and German bruisers limber up for 'rumble in the eurozone'
4. Greece must repay loans in full, bailout fund head says
5. Greek reforms list cites tackling evasion, fiscal savings, source says
6. Greece sends new letter with details on reforms, sources in Brussels say
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. Varoufakis to make six reform proposals at Monday's Eurogroup
4. Tsipras reversal draws Greek sympathy as party rumblings rise
5. Greece's lenders skeptical on new bills but focus on funding needs
6. A unionist agenda
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.