Tuesday September 30, 2014 Search
Weather | Athens
26o C
17o 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)  
In the danger zone
Collective discipline
Fear is our worst enemy
Playing with fire
Death of nurse at violent hostel to be investigated
Health Minister Makis Voridis on Monday ordered an investigation into how a male nurse, who is a father of two, died at a psychiatric hostel for minors in Pallini, northeast of Athens, follo...
Union calls for occupation of town halls as mayors defying evaluation are probed
As Supreme Court prosecutor Efterpi Koutzamani ordered a preliminary investigation into five mayors who are refusing to cooperate with the government over civil service evaluations on Monday...
Inside News
Greeks ruled ship market in August
Greek shipowners accounted for 30 percent of all ship acquisitions in the world in August, as they bought 23 vessels with a total capacity of 2.14 million deadweight tons and a total value o...
Nine properties to be auctioned next week
The Greek states online platform www.e-publicrealestate.gr will auction off nine properties across the country on October 7 with a combined starting price of about 11 million euros. The pro...
Inside Business
SOCCER
All team sports suspended next weekend in memory of dead fan
The government announced on Monday the suspension of all team sports events in Greece scheduled for next weekend, October 4 and 5, in the memory of the Ethnikos Piraeus fan who died a few ho...
SOCCER
Karamanos punishes Michel for deeming him surplus
Atromitos forced Olympiakoss first loss this season in all competitions on Saturday to allow PAOK to go alone on top of the Super League table on Sunday. Odds-on title favorite Olympiakos l...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Greeks ruled ship market in August
2. Nine properties to be auctioned next week
3. Retail price of milk has dropped by 5-10 pct
4. Foreign and domestic air arrivals rise
5. Plan waives interest on expired debts
6. Death of nurse at violent hostel to be investigated
more news
Today
This Week
1. The shocking thought of euro-dollar parity
2. Greek cabinet prepares for troika's return, which begins with budget review
3. Quiet build-up of Greek private bad debt casts shadow on rebound
4. Suicide averted at Athens metro station
5. Soccer fan hospitalized after crowd trouble at Greek third division game dies
6. Man who fell on Athens metro tracks being treated for serious injuries
Today
This Week
1. Alexander the Great's tomb not at Amphipolis, says Culture Minister
2. Greece may opt for unusual president to avoid snap polls, Venizelos says
3. Woman allegedly buried alive by accident in northern Greece
4. Venizelos denies jihadis are being trained in Greece
5. Salaries in Greece continue to slide, dipping 1.4 pct in Q2
6. Cypriots divided by 1974 war seek Shariah hub
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.