Friday November 28, 2014 Search
Weather | Athens
14o C
8o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Dispelling some myths

By Alexis Papachelas

Political stability in Greece will remain elusive as long as ordinary people are unable to distinguish the truth from the myths. The various conspiracy theories spread by the homegrown sirens of populism and pseudo-nationalism have done this country a great deal of damage.

The first myth is that Greece is the sole victim of the debt crisis. A look around us shows that no one has managed to escape unscathed not even France.

A second myth is that the crisis was in fact staged, so that some people could make huge profits by speculating on the CDS market or so that they could get their hands on Greek oil reserves. Why is it that the other crisis-hit countries in Europe have been spared such theories?

A third myth is that Greece could have solved its problem by striking a bilateral agreement with a bigger country. However, a look at Cyprus should be enough to convince everyone that even when less money is at stake, no big country will take the risk of lending money to help out an ally outside the contours of the European Union and the International Monetary Fund.

Of course the skeptics will never be convinced. This country has a soft spot for conspiracy theories and blaming invisible enemies for its woes. Nevertheless, its hard to predict what would have happened in Brussels if Greece were represented by a SYRIZA government minister or a minister from any other opposition party for that matter.

Some people claim that the Germans and their northern allies would be intimidated into writing off the Greek debt while increasing funding. Others predict that they would kick Greece out of the euro area the moment they heard the Greek government threaten to tear up the memorandum and stop its debt repayments.

More middle-of-the-road observers say that the eurozone and the IMF would simply turn the tap off and let Greece suffer. Its hard to say what prediction is more accurate. Its like answering the question of whether theres life after death while still alive.

What we do know is that things have gotten really tough because foreign lenders do not intend to give Greece any more money and the government cannot afford to impose any more austerity at home.

Samaras and his finance minister, Yannis Stournaras, did their best to promote the national interest. And at least now we know some basic truths: that we are not the sole victims of the debt crisis; we are not the victims of some anti-Greek conspiracy; and that at the end of the day, even a suicide bomber would have a hard time forcing a good deal in Brussels.

ekathimerini.com , Tuesday November 27, 2012 (21:42)  
The presidential election paradox
Scraping together the 180 MPs will not be enough
Taking back whats stolen
Beware of the fallen idols
Seven PASOK MPs voice support for party leader
Seven PASOK MPs on Thursday publicly backed Deputy Prime Minister Evangelos Venizelos and his plans for the party to play a leading role in a broader center-left alliance after ex-leader Geo...
New law could transfer control of unused buildings
Municipalities and private companies may soon get a chance to take over abandoned or empty buildings if a new bill drafted by the Environment Ministry is voted through Parliament. According ...
Inside News
PPC profits power up in Jan-Sept
Public Power Corporations impressive profits in the first nine months of 2014 create significant scope for a reduction in electricity rates and are the result of a cut in spending on fuel a...
Papastratos banking on exports
Leading tobacco firm Papastratos on Wednesday announced that a planned investment of 25 million euros in the transformation of the companys factory into an exporting center is in the works....
Inside Business
SOCCER
PAOK is one win from Europa Leagues last 32
A late brace by Stefanos Athanasiadis gifted PAOK a precious win at Dynamo Minsk on Thursday, meaning that the Thessaloniki team is one win away from graduating from the group stage of the E...
BASKETBALL
First defeat for Olympiakos in Euroleague
Olympiakos suffered its first Euroleague loss of the season going down 89-70 at Laboral Kutxa on Thursday, although the Greek team remains the favorite to clinch the top spot in its pool. Th...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. PAOK is one win from Europa Leagues last 32
2. First defeat for Olympiakos in Euroleague
3. PPC profits power up in Jan-Sept
4. Papastratos banking on exports
5. Saudi group Olayan to enter Costa Navarino
6. Bank-financed property transactions rise a notch
more news
Today
This Week
1. Greece paralyzed by major strike, flights cancelled
2. Greek diplomat dies in fall under Thai train
3. Greece scrambles to find food, shelter for 700 migrants on crippled ship
4. Chief suspect in Piraeus bar shooting arrested
5. Scraping together the 180 MPs will not be enough
6. Troika talks to continue after failure to wrap up negotiations in Paris
Today
This Week
1. Give Greece a chance
2. Scientists expand excavation of ancient Amphipolis
3. Extremism from a bygone era
4. Greece paralyzed by major strike, flights cancelled
5. Piraeus nightclub shooting leaves 3 seriously injured
6. Coscos Greek unit adds multinational rail-freight client
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.