Wednesday April 22, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
No more unfounded promises

By Alexis Papachelas

One good thing has come from Lucas Papademos’s unity government and that is that none of the participants in it will be able to turn around after the next elections if voted into power and feign ignorance about the sorry state of the country’s affairs or say that they somehow, miraculously, found some money after all. Participation in the government denies any political party vying for our vote the right to make unfounded promises. The leaders as well as leading officials in all three parties in the government know firsthand that the state’s coffers are empty, banks are desperate and Greece’s creditors are adamant on the reform agenda they have outlined for the country. They know what CACs are, what a disorderly default would entail, for how long you can threaten creditors with a partial default and what exiting the euro would ultimately mean for Greece.

Whatever illusions they once fostered should be well and truly dispelled by now. They should know that renegotiating has its limits, that Greece is highly unlikely to find any money outside of the European Union and the International Monetary Fund, and that our EU peers are frantically preparing their own protection in case Greece decides to pull the trigger on itself.

It is obvious that results are beginning to come from the fact that politicians are starting to understand what is at stake if they keep going the way have done so far. New Democracy’s Antonis Samaras, for instance, has adopted a more realistic and moderate stance on a number of issues recently, showing that he has a better grasp of the situation.

Irrespective of disagreements on numerous crucial issues, there is a sense that the three parties are beginning to share a feeling of joint responsibility. Some are obviously much more in favor of the collaborative effort than others, but when you know the ship is sinking, and that ship is your country, however cynical you are you will for that moment put aside your personal and political differences.

The political leaders of this country know much better now than they did last October just what they have to deal with. Naturally, they will keep the heat up before the election race and continue to stoke the sympathies of their voters, but they know that premature elections would mean the death of the country and suicide for whoever chooses to govern alone, without national consensus.

ekathimerini.com , Monday Jan 16, 2012 (21:34)  
IMF needs to correct its big Greek bailout mistake
Tragedy in the Mediterranean
Silence is not an option
Understanding Greek drama´s latest twists
Greek PM eyes Merkel support
Prime Minister Alexis Tsipras is to meet with German Chancellor Angela Merkel Thursday in Brussels in a bid to secure a statement of political support from Berlin amid tough negotiations wit...
Mayors resist coalition´s demand to hand over cash reserves
Mayors insisted on Tuesday that they would not allow their municipalities’ cash reserves to be transferred to the Bank of Greece, as the government wants, at least until they have held a mee...
Inside News
Carrot to pay income tax all in one go
In an effort to bolster crumbling budget revenues, the Finance Ministry is considering offering a 10-15 percent income tax discount for those who choose to pay their dues in a lump sum this ...
IOBE: No agreement would be a huge failure
Greece’s Foundation for Economic and Industrial Research (IOBE) on Tuesday revised this year’s growth estimate from 3 to 1 percent, while its head, Nikos Vettas, described the possible lack ...
Inside Business
BASKETBALL
Second win for the Reds over Barca in four days
Olympiakos is one step from the Euroleague Final Four in Madrid after downing Barcelona on Tuesday for the second time in four days, to edge ahead 2-1 in the best-of-five play-off series. Th...
BASKETBALL
Panathinaikos recovers to beat CSKA for 2-1
Three-pointer master Panathinaikos had the last laugh at the end of Game 3 of its series with CSKA Moscow on Monday winning 86-85 and reducing the Russians' lead to 2-1 in the best-of-five p...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Second win for the Reds over Barca in four days
2. Carrot to pay income tax all in one go
3. IOBE: No agreement would be a huge failure
4. Haircut on Greek banks’ collateral?
5. Uncertainty hits bookings from Germany and the UK
6. No leap in relations with Russia
more news
Today
This Week
1. Greek government's popularity takes a hit as talks drag on
2. Tragedy in the Mediterranean
3. No ferries on Labor Day as seamen take industrial action
4. ECB studying curbs on Greek bank support
5. Silence is not an option
6. Two men accused of migrant smuggling face prosecutor over deadly shipwreck
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Time to get serious
3. Putting off payments led to Q1 budget primary surplus
4. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
5. Greek government's popularity takes a hit as talks drag on
6. Greece denies report that it is preparing for debt default
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.