Friday October 24, 2014 Search
Weather | Athens
19o C
12o 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)  
Tension for tension’s sake?
Testing ground
Defusing a crisis
PM needs to step up
Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
Foreign Minister and Deputy Prime Minister Evangelos Venizelos on Friday condemned Turkey for "the flagrant violation of international law," referring to the presence of a Turkish research v...
Cyprus president to be released from hospital on Friday following readmission
Cyprus President Nicos Anastasiades was on Friday expected to be discharged from a hospital in Brussels to which he was admitted after suffering nosebleeds caused by high blood pressure. Ana...
Inside News
ECB bank assessment to show 6-billion-euro capital gap, Citi says
The euro area’s biggest banks will show a 6 billion-euro ($7.6 billion) capital gap in the European Central Bank’s tests of the quality of their assets and ability to withstand economic shoc...
ECB vies for third time lucky in European stress tests
For the European Central Bank, success as the euro area’s financial supervisor may begin this weekend with a few failures. At noon in Frankfurt on October 26, investors will learn which of t...
Inside Business
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 ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. ECB bank assessment to show 6-billion-euro capital gap, Citi says
2. Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
3. ECB vies for third time lucky in European stress tests
4. Cyprus president to be released from hospital on Friday following readmission
5. Cyprus GDP upgrade seen as boosting bailout exit plans
6. Clocks to go back 1 hour on Sunday
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. Cyprus president to be released from hospital on Friday following readmission
4. Cyprus GDP upgrade seen as boosting bailout exit plans
5. ECB vies for third time lucky in European stress tests
6. ECB bank assessment to show 6-billion-euro capital gap, Citi says
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Coalition shooting itself in the foot
3. Greece’s closed society is central to its current malaise
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.