Sunday April 20, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
All talk and no plan

A man carries a ballot box at a voting centre in Athens on Friday.

By Nikos Xydakis

Tomorrow’s parliamentary election is just the latest in a series of tectonic shifts that started in 2008 -- from the early days of the Wall Street crisis, which sent shock waves around the world, to the economic meltdown of the weaker states in the euro area.

The crisis -- or, to be more precise, the bankruptcy -- of our country has exposed the weaknesses of Greece’s production base and the shortcomings of the state apparatus. At the same time, it has underscored the pathetic inability of our political system to grapple with emergencies and negotiate with foreign creditors.

Furthermore, developments have indicated that the elites and the more privileged sections of the population, as it were, were intellectually unprepared and incapable of grasping the severity and the myriad levels of the crisis.

The vast majority of Greece’s politicians, economists, academics, sociologists, philosophers and managers all expended themselves in analyzing specific aspects of the crisis (with varying levels of accuracy); however, they fell short of carving out a national plan that could save the country.

In fact, the memorandum that the Greek government signed with the European Union and the International Monetary Fund was the plan to deal with the crisis. It was a plan designed by foreigners on the basis of a pre-existing model.

Even today, some two-and-a-half years after the crisis first became evident, Greece’s leaders are yet to to hammer out a blueprint to reboot the country’s economy, based on its existing strengths and weaknesses.

Most political energy has been spent on producing rhetoric supporting or attacking the bailout agreement instead of being constructive and trying to think of ways to comprehend and overcome the crisis.

Even more worrying is the fact that the memorandum does not guarantee a safe path to usher the nation away from disaster -- even if it is implemented to the full.

The outcome of the ballot will express the anger, the fear, the despair and the instincts of the people. But the ballot cannot possibly produce a fully fledged plan, a convincing strategy, the vitality and the system which will be necessary to save the country: All these factors remain sorely lacking -- for voters and politicians alike.

ekathimerini.com , Friday May 4, 2012 (22:05)  
The placebo effect and the economy
Ukraine is a crisis—but not a Cold War
Transparency of political party funding
Historical baggage
Greek Christians mark rare Good Friday in north Cyprus
Hundreds of Greek Orthodox pilgrims, some coming home after 40 years of forced exile, commemorated the crucifixion of Jesus in a rare Good Friday service in northern Cyprus. Held in this med...
Greece offers to help find Turkish F-16 lost in 1996
Greece officially offered on Thursday to assist Turkey in its efforts to locate and salvage a Turkish Air Force fighter jet which crashed in the Aegean almost 20 years ago. Greek Defense Min...
Inside News
Eurobank share offering on April 25-29
Greece's third largest lender Eurobank, which is issuing new shares to help plug a capital shortfall, said on Friday that the cash call will take place from April 25 to 29. The transaction o...
PPC to issue corporate bond of 500 mln
Public Power Corporation is planning to tap the markets after Easter with the issue of a corporate bond to draw 500 million euros. The Energy Ministry is also eagerly awaiting the issue, as ...
Inside Business
BASKETBALL
Greens lose badly as CSKA Moscow
Panathinaikos has a mountain to climb in order to reach the Final Four of the Euroleague after losing at CSKA Moscow on Friday for a second time in two days, only this time it was comprehens...
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
3. Greens lose badly as CSKA Moscow
4. Former Red Bourousis wrecks Olympiakos´s hopes for a break
5. PPC to issue corporate bond of 500 mln
6. Greece offers to help find Turkish F-16 lost in 1996
more news
Today
This Week
1. Greek Christians mark rare Good Friday in north Cyprus
2. Eurobank share offering on April 25-29
Today
This Week
1. Greece's market return mirrors return of tourists
2. Parties start announcing candidates for European Parliament elections
3. Samaras sees no need for third bailout
4. Greece startup leaders say they can’t break jobless cycle alone
5. Ground-breaking Good Friday mass signals thaw in Cyprus
6. IMF's Thomsen says Greece not fully financed to 2016
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.