Monday December 22, 2014 Search
Weather | Athens
17o C
10o 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)  
‘Crisis of confidence will come back again and again,’ says Thomas Piketty
Who lost Greece
Snubbing the moderates
The big picture
Greek PM offers compromise solution with elections by end-2015
Prime Minister Antonis Samaras on Sunday presented a compromise solution to end a political stalemate that looks likely to send Greece to early general elections in about a month's time. Spe...
Environment Ministry to reconsider controversial bill
The government over the weekend appeared to backpedal on proposed amendments widely seen as compromising legislation protecting Greek forests as well as Plaka, Athens’s old quarter. The bill...
Inside News
Political saga is harming liquidity
Greece is likely to hold snap elections in early February, extending the period of political uncertainty for another month-and-a-half, if not more. This will have economic consequences, perh...
Bad timing for tenders as oil rates decline
The first major opening of the domestic hydrocarbon market happens to have coincided with the unexpected and rapid decline in global oil prices. This has raised concerns in the Energy Minist...
Inside Business
SOCCER
Special day for Abidal, lucky one for PAOK
PAOK scraped through its Livadia challenge beating Levadiakos to remain on top of the Super League for Christmas, one point ahead of Olympiakos that enjoyed a great game at Kalloni and offer...
BASKETBALL
Explosive Barca unfazed by Panathinaikos, bomb scare
Panathinaikos lost 80-67 at home to Barcelona on Friday in a rather meaningless game at the end of the first group stage of the Euroleague, but the encounter will be remembered for the bomb ...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Special day for Abidal, lucky one for PAOK
2. Political saga is harming liquidity
3. Bad timing for tenders as oil rates decline
4. Tax exemptions deprive state budget of over 3.5 bln euros
5. Teiresias to track letters of guarantee
6. Agenda
more news
Today
This Week
1. Greek PM offers compromise solution with elections by end-2015
2. Who lost Greece
3. ‘Crisis of confidence will come back again and again,’ says Thomas Piketty
4. Snubbing the moderates
5. Agenda
6. Bad timing for tenders as oil rates decline
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. A friendly yet firm message from Pierre Moscovici
3. Europe's drama in Greece needs final act to avoid tragedy
4. High stakes
5. On the edge but not gutless
6. Girl, aged 11, gives birth on Crete
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.