The Greek Elections

[Benfleet A1]

It looks like the Plastic Commie is going to get his wish.

http://www.independent.co.uk/news/world/europe/greece-elections-voters-will-choose-the-syriza-party--and-send-a-defiant-message-to-the-eu-10000776.html

http://www.dailymail.co.uk/news/article-2925262/Greeks-polls-critical-snap-general-election.html

In one way I'm quite pleased about the lightly outcome as I hope they are brave enough to tell the EU to go forth and become their own country again. Sadly though, I think the Greek people are going to live to regret putting a extreme Left wing party in power for many years to come.

 

[Benfleet A1]

I'm no expert so can somebody explain the link in simpler terms. I would prefer a explanation from someone who really knows what he is talking about, not someone who thinks he knows.

http://www.bloombergview.com/articles/2015-01-25/what-syriza-s-sweep-means-for-greece-and-europe

 

[Neil_F]

It is going to be interesting. Syriza have been toning it down a little in the last couple of weeks, softening the ground for backtracking on the re-negotiation promise.

if they win an outright majority then they can't back down - they have to move forward with huge spending increases and debt re-negotiation or their hard left coalition will fracture.

The economic policies imposed on Greece by the northern Eurocore were nuts, but Merkel won't back down. Germany is already fuming about QE so she can't look weak. She also can't encourage other hard left parties in other countries by conceding anything.

How this stand off ends is anyone's guess.

 

[davewebbsbrain]

Bring back the Drachma, cheap Amstel at the taverna's again..yay

 

[Davros]

Voting on a Sunday, great idea IMO

 

[Pubey]

It is going to be interesting. Syriza have been toning it down a little in the last couple of weeks, softening the ground for backtracking on the re-negotiation promise.

if they win an outright majority then they can't back down - they have to move forward with huge spending increases and debt re-negotiation or their hard left coalition will fracture.

The economic policies imposed on Greece by the northern Eurocore were nuts, but Merkel won't back down. Germany is already fuming about QE so she can't look weak. She also can't encourage other hard left parties in other countries by conceding anything.

How this stand off ends is anyone's guess.

interesting stuff. thanks.

 

[Another Surrey Shrimper]

Greece austerity has been likened to the limits imposed on Germany after WW1 - if there is any truth in that it's not surprising an MOR government hasn't been voted in.

 

[Napster]

Greece austerity has been likened to the limits imposed on Germany after WW1 - if there is any truth in that it's not surprising an MOR government hasn't been voted in.

That sounds amazing. Chris Rea on guitar, De Burgh on vocals.

 

[Another Surrey Shrimper]

That sounds amazing. Chris Rea on guitar, De Burgh on vocals.

But then the Killers put out that single that was tamer than James Blunt and the Greeks just flipped

 

[Massimo Giovanni]

The interest the Greeks are paying on the German (EU) loans are akin to a federal wonga helping hand; the EU should have re-negotiated this ages ago and have played right into the socialist's hands.
Any deal met now must put the interest levels on a par with that charged to Spain and Portugal and also take into account the quantitative easing that is designed to help countries with larger export based industries (not Greece!).
And who/why were they allowed to borrow so much a decade ago anyway?

 

[Tangled up in Blue]

It is going to be interesting. Syriza have been toning it down a little in the last couple of weeks, softening the ground for backtracking on the re-negotiation promise.

if they win an outright majority then they can't back down - they have to move forward with huge spending increases and debt re-negotiation or their hard left coalition will fracture.

The economic policies imposed on Greece by the northern Eurocore were nuts, but Merkel won't back down. Germany is already fuming about QE so she can't look weak. She also can't encourage other hard left parties in other countries by conceding anything.

How this stand off ends is anyone's guess.

Even if they don't-and they're two short atm,then the Greek Parliamentary system gives them an automatic 50 extra seats to play with.

 

[Tangled up in Blue]

Syriza have now formed a coalition government.

http://www.bbc.com/news/world-europe-30981950