Saturday December 20, 2014 Search
Weather | Athens
17o C
10o 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 big picture
Get your facts straight
New weapons of diplomacy
Oblivious to change
Environment Ministry to reconsider controversial bill
The government over the weekend appeared to backpedal on proposed amendments widely seen as compromising legislation protecting Greek forests as well as Plaka, Athenss old quarter. The bill...
Corfu to host countrys first hydroplane strip
Merchant Marine Minister Miltiades Varvitsiotis and Deputy Infrastructure and Transport Minister Michalis Papadopoulos have signed a decision paving the way for the countrys first hydroplan...
Inside News
Workers rush to get early retirement
Nine out of 10 workers who retired in the last four months who had belonged to the former special funds of banks and state corporations that have now been incorporated in the Social Security...
Piraeus Containter Terminal goes from strength to strength
Piraeus Container Terminal, the local subsidiary of Chinese giant Cosco Pacific, is expected to handle a total of over 3 million containers in the January-December period of this year. The J...
Inside Business
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 ...
SOCCER
Abidal cuts short playing career at Olympiakos
Former France and Barcelona defender Eric Abidal announced his retirement from football on Friday, a day before his last match. Abidal said he will finish after playing for Olympiakos agains...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Environment Ministry to reconsider controversial bill
2. Corfu to host countrys first hydroplane strip
3. Political upheaval sharpens after bribe claims with threats and insinuations
4. Police gets new communications system
5. Most Greeks say they recycle daily
6. Probe into revenues of 2 mln euros in Halkidiki municipality
more news
Today
This Week
1. The big picture
2. Get your facts straight
3. Political upheaval sharpens after bribe claims with threats and insinuations
4. Changes on E9 property declarations possible until end-year
5. Probe into revenues of 2 mln euros in Halkidiki municipality
6. Corinth-Patra highway traffic to be diverted
Today
This Week
1. Juncker warns Greeks against voting 'extreme forces' into power
2. Romanos and the dilemma
3. Samaras summons bond vigilantes with euro exit talk
4. A friendly yet firm message from Pierre Moscovici
5. Europe's drama in Greece needs final act to avoid tragedy
6. High stakes
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.