Sunday February 1, 2015 Search
Weather | Athens
16o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Unwise protest vote could reintroduce the risk factor

The strong showing of the ultranationalist candidates shows that Golden Dawn has established deep roots.

By Alexis Papachelas

The results of the first round of Greeces municipal and regional elections held on Sunday showed that none of the political parties nor the candidates have real resonance with the people. In fact, people are still in a quandary.

Meanwhile, the doomsayers who had forecast a complete reversal of the political landscape were proved wrong at least for the time being.

Things, of course, could be different this coming Sunday when Greeks will return to the polling stations to cast their vote for the European Parliament elections.

The anger and desire to punish have not gone away, despite the fact that more and more people know that the country has hit rock bottom and the economy can only go up from there.

Furthermore, the strong showing of the ultranationalist candidates shows that Golden Dawn has established deep roots. These were reinforced by the anti-systemic tsunami triggered by the financial crisis, but also by the verbal hyperboles of the other anti-bailout parties.

This last Sunday, public skepticism toward the system, as it were, grew stronger and not without good reason. Both the opinion polls and the much-anticipated exit polls proved to be highly misleading and Sunday was not the first time. It is hard to say with certainty whether their failure was a result of cost-cutting or of a deliberate attempt by the people to fool the system. But something did go very wrong.

The country stands at a crucial crossroads. We are waiting to see whether the political risk factor will once again become part of the equation which will play a key role in the course of the economy which had just started to stabilize. The market becomes paralyzed at the mere whiff of political risk and foreign investors seek the panic button.

And one last thing: One can explain why someone who has lost their job or fortune in the crisis would cast an anti-systemic vote. However, its hard to see why they would want to see the systemic parties go down simply out of dislike for their leaders or a similar reason. In the runup to Sundays vote we cannot afford to forget our sense of responsibility.

ekathimerini.com , Monday May 19, 2014 (19:47)  
Unyielding truth
This is not a game
SYRIZA must come up with pragmatic solutions, Schulz tells Kathimerini
Strange haste
Europe waits for proposals from Athens
European officials believe that there is scope for an agreement with the new Greek government but that Athens will have to accept a compromise on its demands. Officials in Brussels told Kath...
Notes provide more clues on prison breakout scheme
Police have found handwritten notes exchanged between 22-year-old Angeliki Spyropoulou and jailed members of the Conspiracy of the Cells of Fire at a safe house in Loutraki, west of Athens, ...
Inside News
ECBs Constancio signals Greek waiver may end if program dropped
Vitor Constancio signaled that the European Central Bank stands ready to end its acceptance of Greeces junk-rated debt for bank funding if the government drops out of an aid program. If a n...
Greece starts countdown to cash crunch saying bailout over
Finance Minister Yanis Varoufakis set the clock ticking on Greeces standoff with the euro area on Friday saying hes ready to take his chances without a financial backstop rather than submi...
Inside Business
BASKETBALL
Panathinaikos preserves perfect home record
After yet another great performance at home, Panathinaikos defeated Galatasaray 86-77 in Athens on Friday to get to three wins in five games at the Euroleague top-16. The Greek champion shoo...
SOCCER
Gattuso: Unpaid OFI players couldnt buy food
Former coach Gennaro Gattuso has lifted the lid on the plight of crisis-club OFI Crete which has been banned from playing in the Super League until it clears mounting debts with its staff. T...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Europe waits for proposals from Athens
2. Notes provide more clues on prison breakout scheme
3. Drug prices are falling but volume sold remains high
4. Tsipras plays down chance of rift
5. Ex-revenues chief Theoharis claimes political interference
6. Journalist to head Greeces National Intelligence Service
more news
Today
This Week
1. US to work closely with Greece and EU to resolve differences, says White House
2. Merkel rejects debt writedown for Greece
3. Greek bank debt plummets as investors head for the exit
4. Greek markets plunge as SYRIZA digs in on challenge to austerity
5. Tsipras says Greece to repay ECB, IMF, reach deal with euro area
6. Greece seeks EU allies but Germany holds firm
Today
This Week
1. Greek Elections 2015 | LIVE
2. SYRIZA heads for historic victory but without majority
3. SYRIZA's win will test institutions
4. Greek Elections 2015: The day after | LIVE
5. EU must accept that Greek debt relief is inevitable
6. Athens may veto further EU sanctions against Russia
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.