Thursday May 28, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Problems on many fronts

By Costas Iordanidis

The situation in Greece is looking very bleak indeed. On the one hand, the relationship between Athens and its international lenders is becoming increasingly tense, though the blame does not lie exclusively with the troika representatives, who have vastly differing opinions over how the Greek debt pile should be managed. Under pressure, the government has decided to act alone on a matter of different issues, expressing resistance toward reforms and processes whose necessity had already been agreed upon. Examples include the ratification of the 2014 budget, the reduction of VAT on food service and changes to property tax without taking the troika’s considerations on board. Changes can be made only when they are agreed upon. Unilateral decisions are unacceptable because they set a precedent that may be imitated by other countries in future bailout programs.

The government probably thought that the country’s lenders would show more leniency when presented with the argument that without some slack Greece will most likely end up with a SYRIZA government. This political argument did not receive the anticipated response, just like political arguments on economic matters have failed in the past, such as when PASOK leader Evangelos Venizelos was handed the finance portfolio. Fiscal changes for bailed-out nations are made according to the terms of economics rather than politics.

Beyond what is going on in the eurozone, the government is also facing problems on the domestic front as SYRIZA continues to gain increasing influence among voters. As a result, the confrontation has shifted focus and more recently has centered on the issue of terrorism. There is no doubt that some members of the leftist party hold unconventional views regarding what constitutes domestic security, but the escape of November 17’s Christodoulos Xeros was obviously not orchestrated by SYRIZA, which demanded, with some delay, the resignation of the responsible ministers.

The other problem is that PASOK is fading gradually from the political scene and New Democracy still faces the major challenge of how to hold on to its traditional conservative voters. The crackdown on ultra-right Golden Dawn was not the glorious success anticipated and Greece’s assumption of the EU presidency has not improved the government’s image as it had hoped, but, rather, has been absorbing energy and focus from economic matters.

The result of all these factors being in play at the same time is more jitters and polarization, which have reached such a degree in Parliament that they may pose a risk to the democratic system.

ekathimerini.com , Thursday Jan 23, 2014 (09:35)  
Greece´s Cuban pathway to a parallel currency
Endless confusion and worry
Following up on a positive step
Romantic notions meet reality
EU says Greek deal ´not there yet´
The European Union poured cold water Thursday on Greece's claims that a deal on its bailout was near, insisting that more progress was needed in talks between Athens and its creditors. "We'r...
Christodoulos Xeros gets new extension for defense on Korydallos breakout plan
Convicted November 17 terrorist Christodoulos Xeros on Thursday was a granted a new extension in order to give evidence regarding his involvement in an alleged plan to aid members of the Con...
Inside News
ECB working on the assumption that Greece won´t leave euro, says Constancio
The European Central Bank is working on the assumption that Greece won't leave the euro, the bank's Vice President Vitor Constancio said on Thursday. Speaking to reporters after the ECB publ...
Greek bank losses show predicament amid record outflows
Greek banks, forced into a central bank liquidity lifeline, are poised to report sustained losses as they grapple with record deposit outflows and an economy that plunged into double-dip rec...
Inside Business
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. EU says Greek deal ´not there yet´
2. Christodoulos Xeros gets new extension for defense on Korydallos breakout plan
3. Greece aims to have bailout deal by Sunday
4. Greek coast guard picks up 216 migrants in eastern Aegean
5. To Potami pledges to back loan
6. ECB working on the assumption that Greece won´t leave euro, says Constancio
more news
Today
This Week
1. Endless confusion and worry
2. G-7 weighs in on Greece as Tsipras government told to be serious
3. ECB's Nowotny says no to loosening funding for Greece now
4. Lagarde says still much work to do in Greek debt talks
5. Following up on a positive step
6. European shares edge lower as Greek deal optimism fades
Today
This Week
1. Conspiracy madness
2. Hotel contracts with a ‘Greek default clause’
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Some 300 mln left banks on Tuesday
6. Merkel said to plan address for Greece if deal reached
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.