Thursday October 23, 2014 Search
Weather | Athens
22o C
16o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
The danger is still here

By Costas Iordanidis

It’s hard to be certain about the implications of Greece’s return to international bond markets, as was announced on Wednesday. People with good knowledge of finance will no doubt offer their opinions on the issue, which was naturally caught up in the election campaign ahead of May’s local and European ballots.

It seems fair to say however that Greece – or, rather, the New Democracy-PASOK governing coalition – has significantly adapted to the ideas and practices that took hold of the European Union in the wake of the global banking crisis in 2008 and the country’s bankruptcy in 2010.

Hence, regardless of any problems that have been put on hold until after the elections, there is an overall sense that the stability of the financial environment has been restored, at least to some extent.

The problem right now is the political volatility which is undermining any long-term efforts.

All opposition parties are against the government policy. And it is clear that neither Prime Minister Antonis Samaras nor Deputy Premier Evangelos Venizelos can do anything to change the minds of those in the opposition camp.

Perhaps things would be different if Greek party leaders had been able to maintain a channel of communication – a common practice in the past. Instead they chose to go for a head-on collision.

One wonders why former cabinet secretary Panayiotis Baltakos, who claimed to have been putting out feelers regarding the intentions of Golden Dawn, did not use the same tactics with other opposition parties in a way that would benefit Greece vis-a-vis its foreign lenders.

In any case, a key priority for the two mainstream parties in the coalition should be to galvanize their fighting forces.

It is PASOK which is facing the biggest challenge.

The recent actions of former leader George Papandreou and the Baltakos affair have both caused a fair amount of frustration among the Socialists.

For New Democracy the most pressing problem at the moment is the flow of voters to the right of the party.

Samaras chose to fight Golden Dawn on a legal level, but little was done on the political level.

Spasmodic attacks on the left by conservative officials are of little effect because the main issue should be to redefine the traditional meaning of patriotism, which is being tested by the advance of a multiethnic and multicultural European system.

To be sure, there is not enough time before the elections to examine such substantial changes and political instability, whose consequences are unpredictable, will most likely remain.

ekathimerini.com , Wednesday April 9, 2014 (20:55)  
Defusing a crisis
PM needs to step up
Careful what you wish for
Taking care of our key industry
Strong winds hamper sea travel
Winds reching 7 and 8 Beaufort led to disruptions in Saronic Gulf sea travel services from and to Piraeus, the Greek coast guard said on Thursday morning. Services were also disrupted on the...
Cyprus seeks EU response over Turkey´s EEZ violation
Cyprus is to raise the issue of Turkey’s violation of its exclusive economic zone (EEZ) at Thursday’s European Council meeting after Turkish Prime Minister Ahmet Davutoglu raised the specter...
Inside News
TBEX brings together 800 travel bloggers in Athens
Over 800 travel bloggers and writers were expected to meet in Athens on Thursday, the first day of the TBEX Europe 2014 conference, an annual gathering of travel industry professionals. Besi...
Athens weighs its LNG and CNG options
Energy Minister Yiannis Maniatis met on Wednesday with officials from six leading shipping companies in the liquefied natural gas (LNG) sector, as he is weighing the possibility of Greece as...
Inside Business
SOCCER
Roberto´s heroics make Kasami´s goal count
Pajtim Kasami’s goal and Roberto’s heroics in goal saw Olympiakos claim one of the biggest wins in its history on Wednesday downing Italian champion Juventus 1-0 to boost its chances of reac...
SOCCER
Third-division Iroditos punished heavily after fan death
Greek third division team Irodotos has been docked 15 points and ordered to play 10 matches behind closed doors following the death of an Ethnikos Piraeus supporter, the Hellenic Football Fe...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Strong winds hamper sea travel
2. TBEX brings together 800 travel bloggers in Athens
3. Roberto´s heroics make Kasami´s goal count
4. Athens weighs its LNG and CNG options
5. Greece ranks among global leaders in tourism growth
6. Global oil price drop sends local fuel prices back to 2010 levels
more news
Today
This Week
1. TBEX brings together 800 travel bloggers in Athens
2. Strong winds hamper sea travel
3. At least 11 banks to fail European stress tests, three in Greece, report says
4. Cyprus to block Turkey's EU talks after EEZ violation
5. EU’s Juncker wins Commission-team approval with investment vow
6. Juncker’s EU commission team set for parliamentary green light
Today
This Week
1. Coalition shooting itself in the foot
2. Istanbul skyscraper casts shadow over Greece's banking ambitions
3. Greece’s closed society is central to its current malaise
4. The past, present and future of the Greek debt crisis
5. Greece must stick to reforms, says Schaeuble
6. At least 11 banks to fail European stress tests, three in Greece, report says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.