Thursday Jan 29, 2015 Search
Weather | Athens
14o C
9o 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)  
Greece puts mind over money
EU must accept that Greek debt relief is inevitable
A turn toward responsibility
Reforms and growth
New Democracy looks to pick up the pieces
New Democracy’s executive committee is due to meet on Thursday as the conservative party begins the process of trying to heal the wounds from Sunday’s election defeat. Conservative leader An...
New Greek FM to address dispute with EU on Russian sanctions
Greece’s new Foreign Minister Nikos Kotzias will attempt on Thursday to clear up a dispute between Athens and the European Council when EU diplomats discuss whether to step up sanctions agai...
Inside News
Reinstatement of minimum monthly salary at 751 euros
New Labor Minister Panos Skourletis announced on Wednesday the immediate restoration of the negotiation process for collective labor contracts and the Organization for Mediation and Arbitrat...
Full speed backward for Greece’s energy policy
Greece’s energy strategy, from privatizations to energy diplomacy, will be fully reversed as of today, new Production Reconstruction and Energy Minister Panayiotis Lafazanis announced on Wed...
Inside Business
SOCCER
PAOK strikes deal with Portugal´s Ricardo Costa
PAOK announced on Tuesday its agreement with Portuguese international defender Ricardo Costa. The Thessaloniki club added that the player is expected on Wednesday to undergo a medical test a...
BASKETBALL
Basket League favorites survive challenges on the road
PAOK consolidated its position in the top three of the Basket League with a triumph at AGO Rethymnou on Saturday, while Olympiakos and Panathinaikos emerged victorious from their tough away ...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Reinstatement of minimum monthly salary at 751 euros
2. Full speed backward for Greece’s energy policy
3. Bank deposits have lost over 7 bln this month
4. Deal with Cosco to be reviewed after OLP tender is called off
5. Greek markets crash on gov’t pledges
6. New Democracy looks to pick up the pieces
more news
Today
This Week
1. Athens may veto further EU sanctions against Russia
2. Greek PM Tsipras pushes on with radical change, markets tumble [Update]
3. EU must accept that Greek debt relief is inevitable
4. Greece's looming clash in Europe starts with sanctions on Russia
5. EU toughens stance after Tsipras names cabinet
6. A turn toward responsibility
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. Greek Elections 2015 | LIVE
4. Greeks fork out nearly 5 pct of their incomes on telecom services
5. Greek Elections 2015: The day after | LIVE
6. Poll shows SYRIZA leading ND by 4 pct
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.