Tuesday September 30, 2014 Search
Weather | Athens
26o C
17o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Time to speak frankly

By Alexis Papachelas

Greek society will not find peace unless it takes a different path. Rightly or wrongly, many have come to believe we signed on to the memorandum because certain traitors wished to bring the International Monetary Fund into Europe and the country was the victim of a global conspiracy. Society has also come to believe there is absolutely no way we will be kicked out of the eurozone and that if we exert pressure they will actually erase the debt and hand out money to us in the form of growth packages.

Unfortunately, New Democracy leader Antonis Samaras contributed a great deal toward the above by not sticking to his valid criticism of the policy mix, but instead using social media and other tools to foster idle talk of collaborators and demonizing anything to do with the memorandum. In the end he paid a hefty price as this gave rise to Panos Kammenos’s Independent Greeks and ND lost a large portion of the sensible middle class. However, Samaras did act responsibly when he supported the Lucas Papademos government and discovered in practice to what extent Greek leaders are able to renegotiate. In the end, however, he was punished for the kind of delusion he created in the first place.

So now it’s SYRIZA leader Alexis Tsipras’s turn. It would be a good thing for him to receive the mandate and renegotiate Greece’s loan deal with its creditors. European affairs experts believe that if he moves to a “selective write-off of the largest portion of the debt,” the country will undoubtedly find itself outside the eurozone, possibly even outside the EU. This is no scaremongering scenario. Imagine the reaction of European governments if Athens were to announce that it was writing off the largest part of its debt to them. And as the country would then be in no position to borrow, Tsipras and his government would have to raise funds to cover the budget deficit, in other words pay for salaries and pensions. And then of course there’s the question of bank deposits and how imported necessities would be paid for.

There’s another scenario in which Tsipras would threaten all the above and eventually succeed in striking a better deal with more time for fiscal adjustment. In other words a scenario that would have him succeed in writing off more of Greece’s official debt and having the fiscal adjustment period lengthened.

The big problem is that society will not calm down until we try Tsipras’s way. The biggest problem is that putting his way to the test involves huge risks for the country, risks of a kind that might be irreversible. That is why we must now speak as frankly as possible in order for no one to claim ignorance later on.

ekathimerini.com , Tuesday May 8, 2012 (17:01)  
Next-day jitters
No sweet debt deals
In the danger zone
Collective discipline
Three teens questioned over video showing torture of dog
Three teenage boys were taken into custody in Arta, northwestern Greece, on Tuesday following an uproar caused by a video posted on a social networking website allegedly showing them pouring...
Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
Plans to evacuate and partially demolish a Roma encampment in the northern Athenian suburb of Halandri, erected nearly four decades ago on a site behind the present-day Nomismatokopio metro ...
Inside News
Greek unemployment dips to 27 pct in June, but still highest in EU
Greek unemployment dipped slightly in June to 27 percent from May's figure of 27.1 percent but the crisis-hit country still has the highest jobless rate in the European Union, figures publis...
EU gives more aid to farmers hurt by Russia sanctions
The European Union introduced a new aid package on Tuesday worth 165 million euros to help farmers hit by Russian sanctions over the Ukraine crisis, but tightened up on dubious compensation ...
Inside Business
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakos’s first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Three teens questioned over video showing torture of dog
2. Greek unemployment dips to 27 pct in June, but still highest in EU
3. Roma camp evacuation postponed; flow resumes on Mesogeion Avenue
4. EU must boost air, sea migrant rescues, says Amnesty International
5. EU gives more aid to farmers hurt by Russia sanctions
6. Commissioner-designate Avramopoulos to face three-hour interview on EU´s migration portfolio
more news
Today
This Week
1. Roma camp off Mesogeion Avenue set for demolition amid reactions
2. Next-day jitters
3. No sweet debt deals
4. Commissioner-designate Avramopoulos to face three-hour interview on EU's migration portfolio
5. EU gives more aid to farmers hurt by Russia sanctions
6. EU must boost air, sea migrant rescues, says Amnesty International
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Greece may opt for unusual president to avoid snap polls, Venizelos says
3. Woman allegedly buried alive by accident in northern Greece
4. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
5. Venizelos denies jihadis are being trained in Greece
6. Should you bet with Kissinger on where the world is heading?
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.