The cost of uncertainty

The local economy was beginning to show encouraging signs, while financial forecasts had been pointing to 2015 as being a year of considerable recovery.

At the same time, serious investors had either already made investments in Greece or were expected to sign new deals. The signs coming from the tourism industry were also exceptionally encouraging.

All of the above, and especially the prospect of economic recovery, now appears to be in real danger.

Political uncertainty is effectively killing off what is left of the real economy and the fact that no one is able to predict precisely what the party currently leading in the opinion polls will do if elected in case of a snap election is scaring off existing and potential investors.

This kind of extreme polarization currently reigning in the political arena shows the country’s underdeveloped character and consolidates its reputation as a “special case.”

In the end, Greek families will once again be called upon to cover the cost.