Greece will she soon change discs? For four years, the country is in sync with political unrest repeatedly, a devastating economic crisis and IMF bailouts and the European Union. The street gets angry, members are agitated, but no solution emerges.
The failure of Parliament to elect a new president could open a new period of uncertainty. Nothing is gained for the favorite early parliamentary, anti-austerity Syriza party of the left.
And the Greeks know. Between those who expect nothing, those who are worried and those to end, little enthusiasm prevails in the end the street:
"I think the elections will make us go through another difficult period, without any result, because no party will be able to govern alone, '' said the man.
"I'm worried because I do not know what will happen, '' says the woman.
For Greek, "the country will eventually get rid of these people for four years, drink our blood. ''
If Syriza wins on January 25, and manages to govern, the party promises, not an exit from the euro, but the cancellation of two-thirds of the Greek debt and stop reforms, which put the country on the path of growth, but at the cost of significant social sacrifices.
Promises that frighten investors, but Alexis Tsipras defended tooth and nail. "Syriza and democracy are not a threat to Greece or Europe. They are the hope of a sustainable exit from the crisis. During the past year, Greece has been chosen to be the guinea pig austerity in order to get out of this crisis. We now have the proof that it was a catastrophic failure. ''
But if the stock market, driven by panic, loose and collapses, the nightmare scenario can it really happen? Alexis Tsipras could he afford to refuse to refund and deprive Greek banks of ECB liquidity they need? Chris Beauchamp, market analyst at IG tries to answer: "I guess the compromises that should Syriza government, would reveal a very different party that claims to be in opposition. It's always the same. Once we have your feet under the table, the situation is much different than when arguing in Parliament. So it's probably not as scary as what people think, but it's still an unwelcome obstacle for the euro area. ''
Syriza program clearly conflicts with the objectives set by the country's creditors. 240 billion euros in loans since 2010. This is what Greece got in exchange for austerity measures that have plunged part of the country in poverty.

No comments:
Post a Comment