Greece at the margins of Europe

Greece is again in the news. But this time, it´s no longer a headline. It is still front page news, of course. But barely, at the bottom of the front page. However, for some papers, like Le Monde, is not even there, but lost in some less prominent corner of the newspaper.

Also, Greece is no longer very big news for the markets. Besides the Greek stock exchange and the Portuguese one as well, because Portugal´s bourse is very fragile and very sensitive to bad news coming from countries that could be considered comparable, all the other financial indexes have shown indifference to the developments in Athens

.

Basically, the signs are very clear: the Greek politics are essentially a domestic matter. The voters will decide and will leave with the consequences of their decision. There is also the conviction that Syriza, the extreme left coalition, will not be able to put together enough votes to form a government. That might lead to a long period of impasse, with the country being administered by a caretaker government. Again, that seems to leave many in Europe indifferent.

Geopolitics and crisis management have placed Greece back at the periphery of Europe. This will bring some changes, for sure.