Monday Jul 28, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Apocalypse now

By Nikos Konstandaras

There are two ways to see our situation: Either the whole international community -- and its Greek lackeys -- has conspired to throw us into the bottomless pit of debt, or we are closing our eyes to reality and taking a flying leap into the void.

If the first is true, soon we can break out the champagne, as the mixed bag of political forces that are against the loan deal and reform program have come out strongly after the May 6 election. Soon they will call our creditors’ bluff and cancel the austerity program, roll back every reform and take us back to 2009, when the deficit came to 24 billion euros that was easily borrowed. The memorandum’s enemies will then be able to renew, with greater pomposity, their talk of traitors and gallows at Syntagma -- while spreading the wealth the traitors were hiding.

If, however, reality is different, if our partners aren’t bluffing and they suspend our loan, if our tax revenues can’t cover salaries, pensions and other obligations, Greece will go bankrupt and we will be condemned to poverty and ridicule because of an ill-thought bet. We will live with this result for years, when these fevered days will be long forgotten.

As they bask in the glory of the popular vote, the loan agreement’s enemies, the enemies of reform forget that the spectacular rise of their influence is not necessarily in recognition of their conflicting policies but stems also from the collapse of the two main parties (blamed for the country’s failure and the painful effort to revive it) and from the success of the message that the policies of the past two years were nothing but a vast conspiracy aimed at robbing the people.

What SYRIZA leader Alexis Tsipras has done is both clever and risky: In calling for a debt audit, he raises further questions as to how onerous and unnecessary it may be; with his outright rejection of the memorandum, he takes upon himself the responsibility for anything that happens to the economy.

Tsipras rolled the dice in a throw that will either uncover the conspiracy against Greece or push it to catastrophe. Whether we agree with him or not, we can only hope, for the good of the country, that he is right and all will be well. He does not need to become premier to dictate events: His ideas have triumphed and this will be most evident if we have new polls soon.

It is inconceivable Greece’s fate will be determined not only by the criminal incompetence of previous governments but also by a naive bluff. The only good to come out of these days is that maybe some politician with a sense of responsibility may feel the need to clash with the dominant mentality -- even if this opens him up to the arrows of childish demagogues.

ekathimerini.com , Friday May 11, 2012 (16:15)  
Weighing all the factors
Clear rules, for everyone
Concrete measures
Education needs skills
Samaras vows to stand by Cyprus in reunification talks
Prime Minister Antonis Samaras has vowed to stand by the Cypriot government in its reunification talks with Turkish-Cypriots after meeting President Nicos Anastasiades in Athens on Monday. “...
Tree collapses in village square, killing nine-year-old boy
A nine-year-old boy has been killed in a village in central Greece after a plane tree collapsed on top of him. The accident happened on Sunday night in the central square of a village called...
Inside News
Greek privatization fund to get new management, says Finance Ministry
Greeces state privatisation fund is to be overhauled for the fifth time in two years, the finance ministry said on Monday, as it announced plans to seek new management. The ministry said the...
Greece wants ECB stress tests to factor in banks´ restructuring plans, source says
Greece wants the European Central Bank's health checks on its four biggest banks later this year to take account of their new restructuring plans rather than being based on last year's balan...
Inside Business
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
SOCCER
Ranieri says he has little to change in Greek national team
The Hellenic Football Federation (EPO) presented Claudio Ranieri as the new Greece coach for the next couple of years, after the Italian manager signed his contract in Athens on Friday. “I l...
Inside Sports
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek privatization fund to get new management, says Finance Ministry
2. Greece wants ECB stress tests to factor in banks´ restructuring plans, source says
3. Musical chairs at ECB leaves Germany on guard for doves’ attack
4. Samaras vows to stand by Cyprus in reunification talks
5. Minister mulls fixing food and drink prices at non-private beaches
6. Multi-bill containing prior actions ready for Parliament
more news
Today
This Week
1. Defense Minister Avramopoulos to represent Greece at European Commission
2. Euro inflation seen testing ECB patience as stimulus takes time
3. Tree collapses in village square, killing nine-year-old boy
4. Maziotis moved to Diavata Prison in Thessaloniki
5. Multi-bill containing prior actions ready for Parliament
6. Minister mulls fixing food and drink prices at non-private beaches
Today
This Week
1. Climber dies in Mount Olympus fall
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Unequal after death
4. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
5. Quadriplegic woman on life support 'dies due to unpaid power bills'
6. Front-line threats
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.