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So SYRIZA won, which was expected, but from what I'm reading they only got 149 seats, which is 2 short of what they needed to have an outright majority (I have to wonder why KKE voters did not simply vote for SYRIZA since KKE refuses to join coalitions with any other parties.) They will have to find a coalition partner, which is actually kind of convenient for them because Tsipras's promise of ending austerity and re-hiring government employees while keeping the euro at the same time doesn't actually seem possible.
Watching Greece over the next few months should be interesting.
So SYRIZA won, which was expected, but from what I'm reading they only got 149 seats, which is 2 short of what they needed to have an outright majority (I have to wonder why KKE voters did not simply vote for SYRIZA since KKE refuses to join coalitions with any other parties.) They will have to find a coalition partner, which is actually kind of convenient for them because Tsipras's promise of ending austerity and re-hiring government employees while keeping the euro at the same time doesn't actually seem possible.
Watching Greece over the next few months should be interesting.
I have to think they're basically screwed no matter what. The troika could be bluffing when they say they aren't willing to renegotiate, but I don't think so. Greece doesn't have anything they want and I don't think they're that desperate to keep Greece in the eurozone. So SYRIZA either needs to renege on their promises or renege on the debt and go back to drachma -- either option is going to make Greeks furious.
Governing is different from being in the opposition.
I have to think they're basically screwed no matter what. The troika could be bluffing when they say they aren't willing to renegotiate, but I don't think so. Greece doesn't have anything they want and I don't think they're that desperate to keep Greece in the eurozone. So SYRIZA either needs to renege on their promises or renege on the debt and go back to drachma -- either option is going to make Greeks furious.
Governing is different from being in the opposition.
Yep .... agree 100%
Greece has no money. So ....
Option 1. Accept loans from the Troika or the IMF which all come with austerity conditions attached.
Option 2. Leave the Euro and start printing Drachma. That will lead to inflation and the markets will hammer the currency which will lead to ..... austerity.
I don't think it's that simple, Jaggy. Firstly, Greece will not exit the euro no matter what Nigel Farage or the Daily Mail say, the only people in the euro zone that want to dump the euro are the far right Front National types, Syriza is a very leftist party. Second, Brussels will not force Greece out of the euro as that is a huge risk to the integrity of the European Union itself and most likely will give a huge amount of ammunition and precedent to the most eurosceptic country in the EU; Britain. Syriza will be a thorn to the backside of Brussels, and Brussels will not risk shaking the foundations of the EU on Greece's account
I don't think it's that simple, Jaggy. Firstly, Greece will not exit the euro no matter what Nigel Farage or the Daily Mail say, the only people in the euro zone that want to dump the euro are the far right Front National types, Syriza is a very leftist party. Second, Brussels will not force Greece out of the euro as that is a huge risk to the integrity of the European Union itself and most likely will give a huge amount of ammunition and precedent to the most eurosceptic country in the EU; Britain. Syriza will be a thorn to the backside of Brussels, and Brussels will not risk shaking the foundations of the EU on Greece's account
Then Greece will stay in the Euro and the EU but they will not get any loans unless they agree to austerity. Either way, tough times ahead.
Going to be interesting if they can pull it off ...really both...getting out of austerity and getting back those great historic marbles that were taken from the country and now live in Britain..sure worth a couple of euros too !!! But Tsipras knows it's a pride thing. It'll be a coup if he gets them back for the country.
Going to be interesting if they can pull it off ...really both...getting out of austerity and getting back those great historic marbles that were taken from the country and now live in Britain..sure worth a couple of euros too !!! But Tsipras knows it's a pride thing. It'll be a coup if he gets them back for the country.
Don't hold your breath Travric, *Russian sanctions* hit Greece hard in a very wrong time.
My prediction: The troika will make very minor concessions to help SYRIZA save face. Nothing radical is going to happen.
Honestly I do think Greece would be better off dumping the euro long-term, but it would be extremely painful for a few years. Nobody wants to be the person responsible for that extreme short-term pain.
My prediction: The troika will make very minor concessions to help SYRIZA save face. Nothing radical is going to happen.
Honestly I do think Greece would be better off dumping the euro long-term, but it would be extremely painful for a few years. Nobody wants to be the person responsible for that extreme short-term pain.
But Greece is not going to exit the euro, not now, and not in the immediate future. The only way Greece goes back to the drachma is Greece gets kicked out. Golden Dawn is out of the picture. I don't know what is with the Anglosphere press that get so worked up about a "Grexit", it's not going to happen.
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