Tuesday December 23, 2014 Search
Weather | Athens
13o C
8o 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)  
Klaus Regling stresses debt sustainability through commitment to reforms
Crisis of confidence will come back again and again, says Thomas Piketty
Who lost Greece
Snubbing the moderates
Govt seeks better result in second presidential vote as bribe claim probe shelved
With all political parties now actively preparing for the prospect of snap elections, MPs are to vote in the second ballot of a critical three-phase presidential vote at noon on Tuesday. The...
Civil servants to grade evaluation scheme
As of Monday, Greek civil servants are now able to have a say in the public sector evaluation scheme that is currently undergoing fine-tuning by the Ministry of Administrative Reform. By log...
Inside News
October data show fleeing bondholders
October data compiled by the Bank of Greece confirm that foreign investors are letting go of their Greek bonds, as within just one month the countrys central bank recorded an outflow of 1.7...
Expired debts to the state soar to more than 72 bln euros
Households inability to keep up with their tax payments combined with anticipation of the new repayment plans, which were finally announced a few weeks ago, led to expired debts to the stat...
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. October data show fleeing bondholders
2. Expired debts to the state soar to more than 72 bln euros
3. First four contracts to fund small firms signed by IfG and banks
4. Investors putting plans on hold
5. Govt seeks better result in second presidential vote as bribe claim probe shelved
6. Civil servants to grade evaluation scheme
more news
Today
This Week
1. Greek parliament vote in balance after Samaras election offer
2. Euro shaky on ECB and Greece, dollar keeps edge
3. Prosecutor gathers depositions in Independent Greeks 'bribe' probe
4. Government accuses SYRIZA and Independent Greeks of 'clear alliance'
5. Klaus Regling stresses debt sustainability through commitment to reforms
6. Draghi starts squaring QE circle in month of persuasion for ECB
Today
This Week
1. Samaras summons bond vigilantes with euro exit talk
2. High stakes
3. Europe's drama in Greece needs final act to avoid tragedy
4. On the edge but not gutless
5. Greek PM offers compromise solution with elections by end-2015
6. Ship with 200 migrants off Pylos towed to Italy after passengers refuse to stop in Greece
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.