Following the result of yesterday’s referendum, where the Greek people responded with a resounding ‘NO’ to a highly ambiguous (and void) question, the Greek Prime Minister Alexis Tsipras called for a meeting with the rest of the political leadership in the country. After making his request official yesterday night, at the President of the Democracy, Prokovios Pavlopoulos, the President called the meeting earlier today at the Maximos Building.
What follows is the joint statement released after the conclusion of the meeting, translated in English. You can find the original statement (in Greek), here. Updates (perhaps) to follow, as more info comes in.
Only one day left before the Greek elections. With Syriza leading the polls, and New Democracy trailing far behind (Syriza is ahead with at least 4-5%, based on the most recent polls), a scenario in which Syriza can form a government without depending on any other party is all the more plausible. Regardless of the electoral result, the economic consequences of these unnecessary snap elections for Greece and its people are going to be felt for many years to come. Dire times are ahead, and only a few people seem to fully realize the upcoming repercussions.
A vast majority of Greeks expects Syriza and its leader, Alexis Tsipras, to perform an eloquent somersault (‘kolotoumba’ in Greek) in the next few days, or weeks, going back on the programmatic promises of ‘tearing to pieces the Memoranda’ and playing hard-ball with the Troika of lenders. They expect Tsipras to agree on a new MoU (Memorandum of Understanding) – even if Syriza will not actually callit like that – which they hope will be more lenient than the existing agreement with our lenders. Even if such a somersault does occur, however, and given that the Troika requests can be met somehow, Syriza offers no persuasive guarantees of continuing much needed structural reforms, of opening up a relatively closed economy prone to crony capitalism, and of fighting the existing clientelistic and oligarchic structures. On the contrary, it seems ready to implement a host of anti-liberal and statist measures on the tradition of the two former parties of the status quo, PASOK and ND (PASOK began this tradition in the 1980s, and ND quickly followed in order to ensure its electoral competitiveness).
Today, one day before the elections, things look quite gloomy and extremely volatile, to say the least. Tomorrow, we will be one step closer to ending this grandiose string of speculations. Will we also be closer to a Greek knockout? Let’s hope not.
Without further ado, here are thehottest articles on the Greek political economy in the past 24 hours: