For what was options? Whether the inept, corrupt elite in the traditional power parties received resume or protest voices rather went to the half Nazi right nationalists Golden Dawn. Now both the Greeks and the European power elite something new to deal with, and it has the well off.
It went unexpectedly fast for Syriza leader Alexis Tsipras to acquire a coalition partner when it turned out that the left party His did not outright majority alone.
The choice fell on the new right party Independent Greeks, who agrees with Syriza in opposition to debt agreement with the EU and savings and cuts policy, but disagree with the left party in much else, such such immigration. But the most acute is to make sense of relationship with the EU and economic policy, then to tackle corruption and evading taxes at home in Greece.
The choice was not just a revolt against Brussels and Frankfurt, but also against domestic, corrupt elite.
The Greek Revolution
It seems to be as good as unanimous support in the EU on one standpoint: the Greeks must pay their debt, they’re not going to get it deleted. But according to the Finnish Prime Minister, Alexander Stubb, it may be relevant to negotiate with the Greeks on easier terms – extension of support period and longer repayment for the debt.
If left side fail Greece, what comes then around the next bend?
The Greek election results come as no surprise to EU leaders, they have had ample time to prepare for a negotiation round with the Greeks. Basically set Greeks weak – they need more money from the EU and IMF, and they have few or no allies in the EU system.
EU leaders hesitate moreover to succumb to Greek demands, for fear of contagion to other crisis-hit countries in southern Europe, such as Italy and Spain. Simultaneously they should fear what a Greek collapse could lead to both the euro system and purely political: If the left fails in Greece, what comes then around the next bend? New growth for right nationalists?
Whatever EU leaders may think about debt and debt relief, they must do something to create new growth not only in Greece but throughout Europe. Savings and budget cuts is not enough stimulus is needed.
They know also the European Central Bank (EBS), which is now in the process of injecting more money into the market. The question is whether it is enough or whether it must also others, political initiatives needed to create growth and reduce unemployment, get out of the stagnation that paralyzes Europe.
Today they revolt.
It is not only the left who have criticized the German-dominated savings policy that has characterized Europe since the 2008 financial crisis – also Americans excites them the unilateral European austerity policy.
In Washington was not late to congratulate the Greeks with the election and outer desire closely with the new government in Athens. It sounded like nothing more than common courtesy.
It is rather the political center in Europe that has moved a long way to the right ever since.
Syriza is often termed “radical” and “EU hostile.” Both are wrong. Syriza will not come out of the EU or the euro, they simply want to change policy within the system. And how radical it is to go in for a policy that was normal for European social democrats in the 1970s?
It is rather the political center in Europe that has moved a long way to the right since then . Perhaps SYRIZA victory in Greece and progress left party Podemos in Spain the first signs of new political winds over Europe?
The neoliberal policies that have dominated since the 1980s, has proven itself to have clear weaknesses – it has created economic growth, but also differences so large that they are causing concern far into the world economic summit in Davos, the meeting place for the world’s rich and powerful elite.And the financial crisis that erupted in 2008, it has not yet proven to tackle. So what’s wrong with some new thoughts?
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