Monday April 27, 2015 Search
Weather | Athens
14o C
09o 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)  
If Greece falls, no one wants their prints on the murder weapon
Reaching crunch time
Personal sacrifices
Five years ago
Akinci elected Turkish-Cypriot leader, raising hopes of peace deal on island
Mustafa Akinci, who won a run-off for the Turkish Cypriot leadership on Sunday, is a veteran politician seen as best placed to revive peace talks with the Republic of Cyprus. Akinci, 67, bea...
Merkel, Tsipras agree to stay in touch to reach debt deal
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel agreed in a phone conversation on Sunday to maintain contact during talks between Athens and its lenders to reach a de...
Inside News
EU Commission to revise down Greek growth forecast
The European Commission plans to significantly revise down its growth forecast for Greece this year, its Vice President Valdis Dombrovskis was quoted as saying on Sunday. "In winter we expec...
ANALYSIS
Further delays will only harm economy
Following the informal Eurogroup meeting in Riga, Latvia, a consensus has emerged that the positions of the Greek government and the official lenders are not close enough to lead to a deal a...
Inside Business
SOCCER
Panathinaikos beats Xanthi to rise to second
Panathinaikos jumped back up to the second spot of the Super League after its home win over Xanthi on Saturday, as PAOK slumped to third due to its draw at home with PAS Giannina on Sunday. ...
WATER POLO
Olympiakos wins Euro crown in women´s water polo
The women’s water polo team of Olympiakos won its first ever LEN Euro League at the Final Four it hosted in Piraeus by beating holder Sabadell from Spain 10-9 in Saturday’s final. After defe...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Akinci elected Turkish-Cypriot leader, raising hopes of peace deal on island
2. Panathinaikos beats Xanthi to rise to second
3. EU Commission to revise down Greek growth forecast
4. Further delays will only harm economy
5. Cosco eyes big network from Piraeus port
6. Fresh cuts to bank collateral may lead to capital controls
more news
Today
This Week
1. Greek tourism threatened by various factors
2. Agenda
3. Fresh cuts to bank collateral may lead to capital controls
4. Merkel, Tsipras agree to stay in touch to reach debt deal
5. Further delays will only harm economy
6. EU Commission to revise down Greek growth forecast
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Europe's collision course with Greece
3. It's up to the Greek government to ensure deal with lenders, says ECB's Coeure
4. Leaving the past in the past
5. Denialism
6. The price of compromise
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.