The
Greek general elections will be held in a week. But the matter seems to have
disappeared from the European news. Or, it will be an important event. The
outcome of the elections might have a serious impact on the European agenda and
be at the centre of the policy dialogue for a few months.
Syriza,
the left wing party that is against the current austerity programme, is very
much ahead in the most recent polls. It might not have enough votes to put
together a government after the elections. But it will come out of the
elections with a much stronger voice.
All
this will lead at least to political instability in Greece. The country needs
just the opposite: stability, to be able to attract new loans and new
investments. And also to stop the ongoing social mistrust and fear. Because of
the reigning atmosphere, many Greeks are taking their money out of the banks
and keeping it under the mattress. The banking system is under serious stress
as a result. And we can expect more anxiety as days go on.
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