The political system has a tendency to be spooked by the panic it causes itself. Greece is at risk. The leftist opposition was irresponsible and cynical enough to exploit a loophole in the Greek Constitution by seeking to manipulate the upcoming Presidential election in order to trigger snap polls.
The result is more instability for Greece. The government’s reactions in the aftermath of local and European Parliament elections have been spasmodic. Government officials often seem to be operating in a state of panic that has resulted in a string of mistakes.
But panic will get us nowhere. The lack of understanding, the over-the-top posturing and hasty decisions are bound to take a hefty toll on our chances of recovery.
The government has to find its way again, it has to once more inspire calm and stability before it can provide people with an honest account of where we stand and where we want to go in the post-memorandum era.